Ec248 exam - Study guides, Class notes & Summaries

EC248 Final Exam Review Questions and answers 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. What statement best describes a health system? a) Aspects of society that have an important bearing on the hea...

EC248 – Exam Review Questions & Answers, rated A+ 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. - -d What statement best describes a health system? a) Aspects of society that have an important bearing on the health care of individuals and the population. b) Aspe...

EC248 final Exam Questions and answers, rated A+ 2 gov't options to improve social welfare in the presence of externalities - -pigouvian tax/subsidy coasian bargaining two conditions of the coase theorem - -1. property rights are well defined 2. transaction/bargaining costs are low 3 reasons why physicians are not perfect agents of care - -1. overutilization of care 2. physician-induced demand/ defensive medicine 3. racial discrimination 3 types of hospital-physician relationships - -...

EC248 Exam 2 |Questions Solved 100% Correc

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

EC248 Exam Review|Questions Solved 100% Correct

EC248 Fall 2022 Final Exam Questions and answers, rated A+ What statement best describes a health system? a) Aspects of society that have an important bearing on the health care of individuals and the population. b) Aspects of society that have an important bearing on the health of individuals and the population. c) Aspects of society that have an important bearing on the health care at the population level. d)Aspects of society that have an important bearing on health at the population...

EC248 Exam |Questions Solved 100% Correct

EC248 FINALE 2 UPDATED Exam Questions and CORRECT Answers Utilization of health care is often the starting point for studies into the need and/or demand for health care because A.the concepts are interchangeable and utilization is easiest to measure. B.demand and utilization are equal and need is unobservable. C.demand and utilization are similar and utilization is easy to measure. D.utilization is observable and offers information on demand and need. - Correct ANSWERD.utilization is o...

EC 248 Quiz 4 / EC248 Quiz 3/ Exam review Questions and answers/ VERIFIED/ An economic evaluation may be done from any of the following viewpoints EXCEPT society patient evaluator health system - -evaluator The human-capital approach may be used in Cost-Benefit Analysis Cost-Effectiveness Analysis Cost-Utility Analysis All types of evaluation - -Cost-Benefit Analysis _________ is NOT a possible outcome of an economic evaluation Incremental Cost-Effectiveness Ratio Incremental Co...