MHA 710 - Healthcare Economics - Exam 3
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Terms in this set (112)
,In order to be a successful price b. Markets must be segmentable, identifying
discriminator, a provider must have a differences in ability to pay.
degree of market power (depicted by
a downward-sloping demand curve)
and meet what other condition(s)?
a. Customers cannot know that
different prices are being charged.
b. Markets must be segmentable,
identifying differences in ability to
pay.
c. Demand for services must be
relatively price elastic.
d. Profitable service expansion
opportunities must be limited.
e. The provider must have excess
capacity to accommodate the extra
business.
Legislation considered by Congress d. raise the costs of operating in many of the
to restrict legal immigration would: nation's rural and inner-city hospitals.
a. surprise many policymakers
because Congress finds it difficult to
agree on much of anything regarding
immigration.
b. improve employment prospects for
native-born Americans.
c. have little effect on medical
markets, as so few physicians
practicing medicine in the United
States are foreigners.
d. raise the costs of operating in
many of the nation's rural and inner-
city hospitals.
e. allow more Americans trained
abroad to compete for openings in
United States' residency programs.
,Physicians who own their own b. physician-induced demand.
diagnostic testing facilities tend to
order more tests, charge higher fees
for them, and have higher total bills to
patients. This practice of self-referral
is an example of:
a. cognitive dissonance.
b. physician-induced demand.
c. moral hazard.
d. adverse selection.
e. res ipsa loquitur.
Which of the following statements is d. Outpatient services have been growing, while
true concerning the trend in inpatient services have been declining.
community hospital care between
inpatient and outpatient services
since the mid-1980s?
a. Both inpatient and outpatient
services have been declining.
b. There has been no noticeable
trend in either inpatient or outpatient
services.
c. Both inpatient and outpatient
services have been growing.
d. Outpatient services have been
growing, while inpatient services have
been declining.
e. Outpatient services have been
declining, while inpatient services
have been growing.
, The amount that Medicare pays a a. at the point when the diagnosis is made.
hospital for treating a Medicare
patient is determined:
a. at the point when the diagnosis is
made.
b. at the time of admission to the
hospital.
c. before the patient sees a physician.
d. after the hospital bill is reviewed by
Medicare auditors.
e. after medical services are
provided.
Compared to the not-for-profit a. allows for the transfer of assets.
organizational form, the for-profit
environment
a. allows for the transfer of assets.
b. lacks a profit motive.
c. gives shareholders higher returns
on their investment
d. provides patients with higher
quality of care.
e. does not provide charity care.
What is the most significant cost of d. The income foregone
attending medical school?
a. Books and incidentals
b. Room and board
c. Tuition and fees
d. The income foregone
COMPREHENSIVE questions answered, 2026
verified graded A+ already passed!
Play your way to mastery with fun games
Match Blocks Charms NEW
Terms in this set (112)
,In order to be a successful price b. Markets must be segmentable, identifying
discriminator, a provider must have a differences in ability to pay.
degree of market power (depicted by
a downward-sloping demand curve)
and meet what other condition(s)?
a. Customers cannot know that
different prices are being charged.
b. Markets must be segmentable,
identifying differences in ability to
pay.
c. Demand for services must be
relatively price elastic.
d. Profitable service expansion
opportunities must be limited.
e. The provider must have excess
capacity to accommodate the extra
business.
Legislation considered by Congress d. raise the costs of operating in many of the
to restrict legal immigration would: nation's rural and inner-city hospitals.
a. surprise many policymakers
because Congress finds it difficult to
agree on much of anything regarding
immigration.
b. improve employment prospects for
native-born Americans.
c. have little effect on medical
markets, as so few physicians
practicing medicine in the United
States are foreigners.
d. raise the costs of operating in
many of the nation's rural and inner-
city hospitals.
e. allow more Americans trained
abroad to compete for openings in
United States' residency programs.
,Physicians who own their own b. physician-induced demand.
diagnostic testing facilities tend to
order more tests, charge higher fees
for them, and have higher total bills to
patients. This practice of self-referral
is an example of:
a. cognitive dissonance.
b. physician-induced demand.
c. moral hazard.
d. adverse selection.
e. res ipsa loquitur.
Which of the following statements is d. Outpatient services have been growing, while
true concerning the trend in inpatient services have been declining.
community hospital care between
inpatient and outpatient services
since the mid-1980s?
a. Both inpatient and outpatient
services have been declining.
b. There has been no noticeable
trend in either inpatient or outpatient
services.
c. Both inpatient and outpatient
services have been growing.
d. Outpatient services have been
growing, while inpatient services have
been declining.
e. Outpatient services have been
declining, while inpatient services
have been growing.
, The amount that Medicare pays a a. at the point when the diagnosis is made.
hospital for treating a Medicare
patient is determined:
a. at the point when the diagnosis is
made.
b. at the time of admission to the
hospital.
c. before the patient sees a physician.
d. after the hospital bill is reviewed by
Medicare auditors.
e. after medical services are
provided.
Compared to the not-for-profit a. allows for the transfer of assets.
organizational form, the for-profit
environment
a. allows for the transfer of assets.
b. lacks a profit motive.
c. gives shareholders higher returns
on their investment
d. provides patients with higher
quality of care.
e. does not provide charity care.
What is the most significant cost of d. The income foregone
attending medical school?
a. Books and incidentals
b. Room and board
c. Tuition and fees
d. The income foregone
