Ec248 - Study guides, Class notes & Summaries

EC248 FINALE 2 QUESTIONS WITH 100% CORRECT ANSWERS!!

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...

EC248 Final Exam Questions With Complete Solutions.

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. - 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. - True. Should...

EC248 MIDTERM UPDATED Exam Questions and CORRECT Answers 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 populatio...

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. - ANS 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 health care of individuals and the p...

characteristics of a well functioning market - - no market power - no externalities - adequate information 3 stages of economic analysis - 1) identification 2) measurement 3) valuation cost effectiveness analysis - number/ quantity of years gained cost utility analysis - QALY - quantity and quality of years gained cost benefit analysis - - values health outcome in monetary terms -human capital approach: wage rate -willingness to pay approach: amount willing to pay

EC248 - Chapter 5 questions with correct answers

EC248 Final Exam Review Questions and answers/ VERIFIED. The __________ health care depends on preferences, budget constraint, price, supply factors. demand for need for availability of utilization of utilization of Supplier-induced demand always decreases efficiency because the care is likely not needed or wanted. is often efficient and desirable as patients get care they may not have demanded. is always efficient because only the physician knows what is medically necessary. is oft...

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 - 1. "physician's workbench": not directly employed b...