,1. Which of the following is a primary goal of healthcare
economics?
- a) Maximization of clinical trials
- b) Allocation of limited resources effectively
- c) Expansion of hospital networks
- d) Promotion of alternative medicine practices
ANS: b) Allocation of limited resources effectively
Rationale: Healthcare economics aims to allocate scarce
resources efficiently to improve population health outcomes.
2. Which payment model is known to incentivize providers for
better quality care rather than the volume of services?
- a) Fee-for-service
- b) Capitation
- c) Pay-for-performance
- d) Out-of-pocket payment
ANS: c) Pay-for-performance
Rationale: Pay-for-performance programs reward healthcare
providers for meeting specific quality and efficiency benchmarks.
, 3. Which economic concept explains why people often consume
more healthcare resources once they are insured?
- a) Opportunity Cost
- b) Moral Hazard
- c) Supply and Demand
- d) Elasticity
ANS: b) Moral Hazard
Rationale: Moral hazard occurs when insurance coverage leads
to an increase in healthcare service usage because the direct cost
to the consumer is reduced.
4. What is the distinguishing feature of a single-payer healthcare
system?
- a) Insurance is provided through private companies
- b) Healthcare services are solely government-funded
- c) Multiple insurance companies compete
- d) Patients pay full price for all services
ANS: b) Healthcare services are solely government-funded
Rationale: Single-payer systems are characterized by one
entity, typically the government, covering healthcare costs,
streamlining financing.
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