Ec248 - Study guides, Class notes & Summaries

Health care a) is the most important determinant of health in OECD countries. b) is the most expensive determinant of health in OECD countries. c) spending continues to grow rapidly in most OECD countries. d) sector is one of the largest sectors in most OECD countries. - sector is one of the largest sectors in most OECD countries.

EC248 FINALE 2 QUESTIONS WITH 100% CORRECT ANSWERS!!

Insurance coverage likely has little impact on people's use of needed health care services.Insurance coverage likely has little impact on people's use of needed health care services. - Correct Answer-False. Likely has a major impact, if something is not covered and is expensive to pay with from out-of-pocket then that individual likely won't be able to get access to that care. Reducing inequalities in health within the population should focus primarily on the distribution of health care. -...

EC248 Final PASSED Exam Questions and CORRECT Answers - Correct ANSWER- Chapter 7 - risk because there is a fear of the unknown - forfeiting income in good times to get money in bad times - Correct ANSWER- Demand for Insurance U'(1)>0, utility increases with income U''(1)<0, marginal utility for income is declining - Correct ANSWER- Risk Aversion

The principles of the Canada Health Act include all EXCEPT Universality Portability Equity Public Administration - Equity The following is not a measure of health outcome: Number of physicians per capita. Population incidence of malaria. Death rate for children under the age of 5. Estimated men's lifespan. - Number of physicians per capita.

EC248 Midterm MC (Questions & Answers) 100% Correct!!

EC248 MIDTERM EXAM QUESTIONS & ANSWERS SOLVED 100% CORRECT!!

Chapter 7 - risk because there is a fear of the unknown - forfeiting income in good times to get money in bad times - Demand for Insurance U'(1)>0, utility increases with income U''(1)<0, marginal utility for income is declining - Risk Aversion - probability of sickness= P (between 0 and 1) - probability healthy= 1-p - Is= income if sick - IH>Is= income if healthy E(I)= PIs + (1-P)U(IH) - Uncertainty

Drug formularies: - help manufacturers determine which drugs are efficacious. -help salesmen determine what to sell -determine which drugs will be covered by third-party payers -Answers b. and c. are correct. -determine which drugs will be covered by third-party payers In North America it is typical for physicians to work in hospitals but not be employed by them. This is a form of: -vertical integration - horizontal integration -incomplete horizontal integration -incomplete vertical i...

EC248 MIDTERM EXAM QUESTIONS & ANSWERS SOLVED 100% CORRECT!!