MHA 710 - Healthcare Economics - Exam
1 (Part 1 - Ch. 1 & 2) 2025/2026 Exam
Questions and Answers | 100% Solved
Economics is best defined as the study of how to run a business most
profitably. True or False. - 🧠 ANSWER ✔✔False
Exhaust from a factory that increases health risks for people living near the
factory is an example of an externality. True or False. - 🧠 ANSWER
✔✔True
In 2008 and 2009, the U.S. economy experienced a deep economic
downturn. If there is a short-run trade-off between inflation and
unemployment, to combat the high unemployment, President Obama
should have pursued an inflationary policy such as a stimulus package of
reduced taxes and increased government spending. True or False. - 🧠
ANSWER ✔✔True
A society faces many decisions, but a household does not. True or False. -
🧠 ANSWER ✔✔False
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,Public policies aimed at increasing the size of the economic pie also lead to
a higher degree of equality. True or False. - 🧠 ANSWER ✔✔False
You can stay home and study to do well on your exam or you can go to the
movies with your friends, but not both. This example illustrates:
A. Scarcity and tradeoffs
B. Scarcity but not tradeoffs
C. Tradeoffs but not scarcity
D. Neither tradeoffs nor scarcity - 🧠 ANSWER ✔✔A. Scarcity and tradeoffs
Your opportunity cost of going to a Maroon 5 concert during your Spring
Break is:
A. Zero, because Maroon 5 is your favorite
B. The price of the concert ticket
C. The price of the concert ticket plus the cost of any beverages you buy at
the concert
D. The price of the concert ticket, plus the cost of any beverages you buy at
the concert, and the value of your time - 🧠 ANSWER ✔✔D. The price of the
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STATEMENT. ALL RIGHTS RESERVED
2
, concert ticket, plus the cost of any beverages you buy at the concert, and
the value of your time
Certain employees are eligible for unemployment compensation if they lose
their jobs through no fault of their own. If Jim, a factory worker, will receive
compensation of half his regular pay for 52 weeks while he looks for a job,
then:
A. The unemployment compensation most likely raises Jim's incentive to
save while he is working. Unemployment compensation most likely
increases Jim's efforts to find a new job.
B. The unemployment compensation most likely raises Jim's incentive to
save while he is working. Unemployment compensation most likely
decreases Jim's efforts to find a new job.
C. The unemployment compensation most likely lowers Jim's incentive to
save while he is working. Unemployment compensation most likely
increases Jim's efforts to find a new job.
D. The unemployment compensation most likely lowers Jim's incentive to
save while he is working. Unemployment compensation most likely
decreases Jim's efforts - 🧠 ANSWER ✔✔D. The unemployment
compensation most likely lowers Jim's incentive to save while he is
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
1 (Part 1 - Ch. 1 & 2) 2025/2026 Exam
Questions and Answers | 100% Solved
Economics is best defined as the study of how to run a business most
profitably. True or False. - 🧠 ANSWER ✔✔False
Exhaust from a factory that increases health risks for people living near the
factory is an example of an externality. True or False. - 🧠 ANSWER
✔✔True
In 2008 and 2009, the U.S. economy experienced a deep economic
downturn. If there is a short-run trade-off between inflation and
unemployment, to combat the high unemployment, President Obama
should have pursued an inflationary policy such as a stimulus package of
reduced taxes and increased government spending. True or False. - 🧠
ANSWER ✔✔True
A society faces many decisions, but a household does not. True or False. -
🧠 ANSWER ✔✔False
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
1
,Public policies aimed at increasing the size of the economic pie also lead to
a higher degree of equality. True or False. - 🧠 ANSWER ✔✔False
You can stay home and study to do well on your exam or you can go to the
movies with your friends, but not both. This example illustrates:
A. Scarcity and tradeoffs
B. Scarcity but not tradeoffs
C. Tradeoffs but not scarcity
D. Neither tradeoffs nor scarcity - 🧠 ANSWER ✔✔A. Scarcity and tradeoffs
Your opportunity cost of going to a Maroon 5 concert during your Spring
Break is:
A. Zero, because Maroon 5 is your favorite
B. The price of the concert ticket
C. The price of the concert ticket plus the cost of any beverages you buy at
the concert
D. The price of the concert ticket, plus the cost of any beverages you buy at
the concert, and the value of your time - 🧠 ANSWER ✔✔D. The price of the
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
2
, concert ticket, plus the cost of any beverages you buy at the concert, and
the value of your time
Certain employees are eligible for unemployment compensation if they lose
their jobs through no fault of their own. If Jim, a factory worker, will receive
compensation of half his regular pay for 52 weeks while he looks for a job,
then:
A. The unemployment compensation most likely raises Jim's incentive to
save while he is working. Unemployment compensation most likely
increases Jim's efforts to find a new job.
B. The unemployment compensation most likely raises Jim's incentive to
save while he is working. Unemployment compensation most likely
decreases Jim's efforts to find a new job.
C. The unemployment compensation most likely lowers Jim's incentive to
save while he is working. Unemployment compensation most likely
increases Jim's efforts to find a new job.
D. The unemployment compensation most likely lowers Jim's incentive to
save while he is working. Unemployment compensation most likely
decreases Jim's efforts - 🧠 ANSWER ✔✔D. The unemployment
compensation most likely lowers Jim's incentive to save while he is
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
