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LSUS MHA 710 Economics Exam 2 Questions With Correct Answers. $10.49   Add to cart

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LSUS MHA 710 Economics Exam 2 Questions With Correct Answers.

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LSUS MHA 710 Economics Exam 2 Questions With Correct Answers. Which of the following is the result of providers having more information about treatment alternatives than their patients do? - answerPrincipal-agent problem. The number one cause of death in the United States was ______ in the 1980...

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  • October 18, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • LSUS MHA 710
  • LSUS MHA 710
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©SIRJOEL EXAM SOLUTIONS
12/3/2024 11:27AM



LSUS MHA 710 Economics Exam 2
Questions With Correct Answers.


Which of the following is the result of providers having more information about treatment

alternatives than their patients do? - answer✔Principal-agent problem.


The number one cause of death in the United States was ______ in the 1980. By 2018, it was

_____. - answer✔Heart disease ; heart disease


One result of asymmetric information in health insurance markets is: - answer✔Adverse

selection.

Research associates obesity with a higher risk of all the following conditions except: -

answer✔Type 1 Diabetes.


The accompanying diagram depicts the relationship between health status & medical care

spending for particular country. Assume the current spending level is S1 on TP1. All of the

statements below are true? - answer✔S1 levels of spending are often described as spending on

the flat of the curve.


According to Grossman (1972), how is the demand for medical care determined? - answer✔It is

derived from the demand for health.

, ©SIRJOEL EXAM SOLUTIONS
12/3/2024 11:27AM


All of the following statements are true regarding social insurance, except: - answer✔It is usually

experience-rated, with premiums based on ability to pay.


The goal of health insurance is to: - answer✔Collect sufficient premiums to cover all possible

losses.


The nature of health care delivery will be different in the future due to: - answer✔A rising

percentage of eldering in the total population.


A physician's ability to induce demand is greatly enhanced when: - answer✔Patients have

difficulty gathering & processing information.


People buy insurance: - answer✔Because they are risk-averse.


Infant mortality rate is associated with low birth weight. By what percent would the U.S. infant

mortality rate fall, if the United States had the same birth weight distribution as Sweden? -

answer✔34


A major factor contributing to the growth in employee-based health insurance in the United

States has been: - answer✔The tax-free treatment of health insurance as an employee benefit.


Which of the following is least responsible for the reduction in mortality rates in Europe & North

America? - answer✔More effective medical interventions.


Insurance works best in situations where: - answer✔There is a low probability of a large loss.

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