EC248 Final Exam Practice Questions
Solved 100% Correct
A physician's utility function is typically modeled:
-like an owner-operated business
-in the standard manner but include ethics
-in the standard manner but includes practice style
-in the standard manner but includes a production function
-in the standard manner but include ethics
Under the target-income model, it is expected that price controls will lead physicians to
provide _________ services and ___________ intensive medical care.
-less; less.
-less; more.
-more; less.
-more; more.
,-more; more.
The market for general practitioner services is:
-perfectly competitive
-different from the market for specialists
-locally competitive
-fee-for-service payment
-different from the market for specialists
Generally speaking, physicians are regulated by:
-the federal government
-the colleges
-themselves
-the provincial government
-themselves
A physician's implicit wage is:
-he opportunity cost of the next best wage
-the revenues from their practice divided by hours worked
-the net income from their practice divided by hours
worked -total income divided by the hours worked
-the net income from their practice divided by hours worked
Recent evidence indicates that:
-the majority of physicians are females
-the average age of physicians is close to 65 years
-the number of services/physician has decreased on average
-physicians have, on average, reduced their working hours per week
-physicians have, on average, reduced their working hours per week
Physician incomes are:
-too low and thus Canada has a shortage of physicians
-about the same as other professionals but more regulated
-well above the average the average earnings of other Canadians
-have been falling over time and thus Canada has a shortage of physicians
-well above the average the average earnings of other Canadians
, In Canada, recently the predominant mechanism of funding for physician services is:
-capitation
-fee-for-service
-salary
-mixed methods of funding
-fee-for-service
In most health care settings, health care insurers must attempt to provide the
correct incentives so that health care providers produce health care in the most
efficient manner. This is an example of:
-the free rider problem
-the autonomy problem
-inefficiencies of insurance
-the principal-agent problem
-the principal-agent problem
There are a number of parties involved in the exchange of health care. Which of the
following is not always present?
-Government
-Patients
-Providers
-None of the above
-Government
Health care financing is a core activity of every health care system. Which of the following is
not a function of health care financing?
-Who bears the burden of paying for health
care -Who has access to health care
-Where health care dollars are allocated
-How well a jurisdiction is able to control health care expenditures
-Where health care dollars are allocated
All funding schemes include the following basic questions EXCEPT:
-Who is being paid
-What is being paid for
Solved 100% Correct
A physician's utility function is typically modeled:
-like an owner-operated business
-in the standard manner but include ethics
-in the standard manner but includes practice style
-in the standard manner but includes a production function
-in the standard manner but include ethics
Under the target-income model, it is expected that price controls will lead physicians to
provide _________ services and ___________ intensive medical care.
-less; less.
-less; more.
-more; less.
-more; more.
,-more; more.
The market for general practitioner services is:
-perfectly competitive
-different from the market for specialists
-locally competitive
-fee-for-service payment
-different from the market for specialists
Generally speaking, physicians are regulated by:
-the federal government
-the colleges
-themselves
-the provincial government
-themselves
A physician's implicit wage is:
-he opportunity cost of the next best wage
-the revenues from their practice divided by hours worked
-the net income from their practice divided by hours
worked -total income divided by the hours worked
-the net income from their practice divided by hours worked
Recent evidence indicates that:
-the majority of physicians are females
-the average age of physicians is close to 65 years
-the number of services/physician has decreased on average
-physicians have, on average, reduced their working hours per week
-physicians have, on average, reduced their working hours per week
Physician incomes are:
-too low and thus Canada has a shortage of physicians
-about the same as other professionals but more regulated
-well above the average the average earnings of other Canadians
-have been falling over time and thus Canada has a shortage of physicians
-well above the average the average earnings of other Canadians
, In Canada, recently the predominant mechanism of funding for physician services is:
-capitation
-fee-for-service
-salary
-mixed methods of funding
-fee-for-service
In most health care settings, health care insurers must attempt to provide the
correct incentives so that health care providers produce health care in the most
efficient manner. This is an example of:
-the free rider problem
-the autonomy problem
-inefficiencies of insurance
-the principal-agent problem
-the principal-agent problem
There are a number of parties involved in the exchange of health care. Which of the
following is not always present?
-Government
-Patients
-Providers
-None of the above
-Government
Health care financing is a core activity of every health care system. Which of the following is
not a function of health care financing?
-Who bears the burden of paying for health
care -Who has access to health care
-Where health care dollars are allocated
-How well a jurisdiction is able to control health care expenditures
-Where health care dollars are allocated
All funding schemes include the following basic questions EXCEPT:
-Who is being paid
-What is being paid for
