100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
LSUS MHA 710 Economics Exam 1 Questions And 100% Correct Answers $9.99   Add to cart

Exam (elaborations)

LSUS MHA 710 Economics Exam 1 Questions And 100% Correct Answers

 6 views  0 purchase
  • Course
  • LSUS MHA 710 Economics
  • Institution
  • LSUS MHA 710 Economics

LSUS MHA 710 Economics Exam 1 Questions And 100% Correct Answers...

Preview 2 out of 5  pages

  • October 8, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • lsus mha 710 economics
  • LSUS MHA 710 Economics
  • LSUS MHA 710 Economics
avatar-seller
Easton
LSUS MHA 710 Economics Exam 1 Questions And
100% Correct Answers


Which of the following is the largest category of health care spending in the United
States? ANSWER Hospital Care



The immediate effect of a shortage of hospital beds in the market for hospital services
is: ANSWER Upward pressure on the price of a hospital stay.



All of the following will shift the medial care supply curve, except: - ANSWER A change
in the percent of the population that has health insurance.



Assuming providers will accommodate patient desires, what would be the impact of a
binding price ceiling in the health care market? - ANSWER Price will be pushed down to
comply with the price ceiling & quantity will increase.



Suppose the U.S. Food & Drug Administration limits the quantity of prescription opiates
that can be produced & sold in the U.S. market. What will happen to the market for
drugs used to control chronic pain the United States? - ANSWER The price of
prescription opiates will rise & the quantity consumed will fall.



The following graph shows the market for CT scanners in the United States:



Assume that the initial equilibrium is at D1S1 and that the equilibrium price and quantity
is $1.20 million per machine. If the government puts a $100,000 per scanner excise tax
on every new scanner sold, the new equilibrium price will be: - ANSWER less than $1.30
million.



Suppose robotic technology improves the outcomes of abdominal surgery-less time to
complete the surgery, faster healing times and fewer errors. What happens to the
demand for abdominal surgery using the new technology? - ANSWER The demand for

, robot-assisted surgery will rise, & prices will rise.



If a firm is experiencing economies of scale: - ANSWER Its average cost curve is
negatively sloped as output rises.



Which of the following does NOT contribute to wasteful spending in medical care? -
ANSWER Price transparency.



Which of the following statements is based on positive analysis? - ANSWER High health
care prices are one of the primary reasons that the United States spends more on
medical care than other countries.



Which of the following is NOT considered to be a factor in the recent slowing of health
care spending? - ANSWER Growing U.S. gross domestic product (GDP).



If two women receive the same hip replacement procedure at a hospital, but are
charged differently, it is an example of: - ANSWER Price discrimination.



Which of the following is NOT a personal health expenditure? - ANSWER Program
administration.



Inoculation programs against certain disease such as small pox, polio, & whooping
cough create: - ANSWER Positive externalities in consumption.



The cost to society resulting from taxation to finance government spending is called: -
ANSWER deadweight loss.



In the 1960s, people paid for most of their medical care out-of-pocket. More insurance,
private & public, replaced out-of-pocket spending as the major source of payment. By
2020, how much, as a percentage, of health care spending was individual's project to
pay? - ANSWER 10.4 percent

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Easton. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

82871 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$9.99
  • (0)
  Add to cart