MHA 710 HEALTHCARE ECONOMICS
EXAM 2024 COMPLETE 250
QUESTIONS WITH 100% CORRECT
SIMPLIFIED DETAILED AND
VERIFIED ANSWERS BRAND NEW
EXAM ALREADY GRADED A+
Rent-seeking behavior results in
a. increased economic activity by promoting
efficiency.
b. lower economic activity by diverting resource to
less-productive uses.
c. a more equitable distribution of income and
wealth.
d. lower prices throughout the economy.
greater income and wealth in the private sector. -
....ANSWER...lower economic activity by diverting
resource to less-productive uses.
Of the new drugs introduced in the United States
between 1940 and 1990, what percentage were
discovered by U.S. firms?
a. 15 percent
1
,b. 30 percent
c. 45 percent
d. 60 percent
e. 75 percent - ....ANSWER...60 percent
Pharmaceutical companies receive patents as an
exclusive right to produce a drug. This results in
a. normal profits on the patented drug.
b. monopoly status in the production of the drug.
c. lower prices for patients requiring the drug.
d. orphan drug status.
e. fewer new chemical compounds discovered. -
....ANSWER...monopoly status in the production of the
drug.
The regulatory agency with oversight responsibility for
the pharmaceutical industry is the
a. IRS.
b. FDA.
c. SEC.
d. ITC.
e. ATT. - ....ANSWER...FDA.
2
,One of the primary reasons that costly technology is being
introduced into the health care system is that
a. research scientists have successfully mapped the
human genome.
b. high cost is synonymous with better outcomes.
c. third-party insurance finances most of the cost of
care.
d. all of the above. - ....ANSWER...third-party
insurance finances most of the cost of care.
The fastest-growing segment of pharmaceutical
marketing is:
a marketing to physicians.
b marketing to nurse practitioners.
c marketing to the consumer.
d none of the above - ....ANSWER...marketing to the
consumer.
Physicians who accept assignment on their Medicare
patients
a. bill patients for 80 percent of the allowable fee.
b. agree to forego balance billing.
c. accept the allowable fee for all services.
3
, d. agree to charge private insurance patients the
same fees as Medicare patients.
e. both b and c. - ....ANSWER...both b and c. ( agree to
forego balance billing ; accept the allowable fee for all
services)
One of the most serious weaknesses in the Medicare
system is that
a. patients are not able to choose their own
physicians.
b. the definition of an episode of illness is too
restrictive.
c. it provides poor insurance coverage for unusually long
hospital stays.
d. patients must pay a deductible every time they
enter the hospital.
e. Part B is voluntary. - ....ANSWER...it provides poor
insurance coverage for unusually long hospital stays.
In order to be a successful price discriminator, a provider
must have a degree of market power (depicted by a
downward-sloping demand curve) and meet what other
condition(s)?
4
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 EliteExamsPlug. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.99. You're not tied to anything after your purchase.
