MHA 710 FINAL EXAM 2026 QUESTIONS WITH
VERIFIED ANSWERS | GRADED A+
◉ The opportunity cost of investing in a new lithotripter (a machine
that pulverizes kidney stones with sound waves) is. Answer: defined
by the next best use of the money invested in the equipment
◉ What percentage of Americans considered the complete repeal of
the Patient Protection And Affordable Care Act of 2010 a good
thing?. Answer: 40%
◉ By 2020, what was the forecasted percentage amount of health
care spending paid by individuals?. Answer: 10.4%
◉ The "invisible hand" using Adam Smith's terminology refers to.
Answer: market forces working through the price mechanism
◉ According to recent public opinion polls, what percentage of
Americans are satisfied with the quality of the medical care they
receive?. Answer: 70%
◉ According to economic theory what is the optimal percentage of
GDP to be spent on medical care?. Answer: There is no widely
accepted way to determine the optimal percentage
, ◉ Which of the following statements is based on positively analysis?.
Answer: - Individuals without health insurance have less access to
physicians' services than those who have health insurance
- The high cost of health insurance places U.S. firms at a competitive
disadvantage with their foreign competitors
◉ According to Adam Smith's terminology, the "invisible hand"
refers to. Answer: market forces working through the price
mechanism
◉ Assuming that providers will only accommodate patient desires
up to a point, what effect would binding price ceiling have on the
health care market?. Answer: Quantity of health care supplied would
fall
◉ Which of the following is NOT considered to be a factor in the
recent slowing of health care spending?. Answer: Growing U.S. gross
domestic product (GDP)
◉ Self-insurance refers to the practice of setting aside funds to pay
for medical care expenses instead of paying premiums to an
insurance company. Approximately, how many of all employees who
participate in group insurance plans work for firms that self-
insure?. Answer: two-thirds
VERIFIED ANSWERS | GRADED A+
◉ The opportunity cost of investing in a new lithotripter (a machine
that pulverizes kidney stones with sound waves) is. Answer: defined
by the next best use of the money invested in the equipment
◉ What percentage of Americans considered the complete repeal of
the Patient Protection And Affordable Care Act of 2010 a good
thing?. Answer: 40%
◉ By 2020, what was the forecasted percentage amount of health
care spending paid by individuals?. Answer: 10.4%
◉ The "invisible hand" using Adam Smith's terminology refers to.
Answer: market forces working through the price mechanism
◉ According to recent public opinion polls, what percentage of
Americans are satisfied with the quality of the medical care they
receive?. Answer: 70%
◉ According to economic theory what is the optimal percentage of
GDP to be spent on medical care?. Answer: There is no widely
accepted way to determine the optimal percentage
, ◉ Which of the following statements is based on positively analysis?.
Answer: - Individuals without health insurance have less access to
physicians' services than those who have health insurance
- The high cost of health insurance places U.S. firms at a competitive
disadvantage with their foreign competitors
◉ According to Adam Smith's terminology, the "invisible hand"
refers to. Answer: market forces working through the price
mechanism
◉ Assuming that providers will only accommodate patient desires
up to a point, what effect would binding price ceiling have on the
health care market?. Answer: Quantity of health care supplied would
fall
◉ Which of the following is NOT considered to be a factor in the
recent slowing of health care spending?. Answer: Growing U.S. gross
domestic product (GDP)
◉ Self-insurance refers to the practice of setting aside funds to pay
for medical care expenses instead of paying premiums to an
insurance company. Approximately, how many of all employees who
participate in group insurance plans work for firms that self-
insure?. Answer: two-thirds
