HEALTH ECONOMICS EXAM PRACTICE QUESTIONS AND CORRECT ANSWERS| A+
GRADED |GUARANTEED PASS!!
1) Economics - ANSWER is a social science that deals with the problems of using and administering
scarce resources.
2) Macroeconomics and Microeconomics - ANSWER 2 Branches of Health Economics
3) Macroeconomics - ANSWER study the entire health care of economy.
4) Microeconomics - ANSWER study the individual unit of health care of economy.
5) Goods - ANSWER refers to tangible products.
6) Services - ANSWER refers to intangible products.
7) Consumer Goods - ANSWER gives direct satisfaction.
8) Capital Goods - ANSWER this produce other goods.
9) Luxury Products - ANSWER this are the products that you can live without.
10) Basic Products - ANSWER this are the products that you cannot live without.
11) Economic Goods - ANSWER this are the products that has an attached value.
12) Non-economic Goods - ANSWER this are the goods that is free and provided by nature.
, 13) Public Goods - ANSWER this are the goods that are provided by the government.
14) Private Goods - ANSWER this are the goods that are produced by an entrepreneur.
15) Consumers, Producers, Government and International Market - ANSWER Sectors of the Economy
16) Consumers - ANSWER they are the one who purchased the finished products.
17) Producers - ANSWER they are the manufacturers and sellers of the finished products.
18) Government - ANSWER they are the one that regulates the actions of both consumers and
producers.
19) International Market - ANSWER they are the buyers of excess products and sellers of limited
products.
20) Factors of Production - ANSWER other term for "Economic Resources."
21) Land, Labor, Capital and Entrepreneur - ANSWER Factors of Production
22) Land - ANSWER pertains to the natural resources.
23) Labor - ANSWER pertains to human resources.
24) Capital - ANSWER pertains to the machines and equipment.
25) Entrepreneur - ANSWER person who combines the other economic resources.
26) What to produce? , How to produce? and For whom to produce? - ANSWER Basic Economic
Questions
GRADED |GUARANTEED PASS!!
1) Economics - ANSWER is a social science that deals with the problems of using and administering
scarce resources.
2) Macroeconomics and Microeconomics - ANSWER 2 Branches of Health Economics
3) Macroeconomics - ANSWER study the entire health care of economy.
4) Microeconomics - ANSWER study the individual unit of health care of economy.
5) Goods - ANSWER refers to tangible products.
6) Services - ANSWER refers to intangible products.
7) Consumer Goods - ANSWER gives direct satisfaction.
8) Capital Goods - ANSWER this produce other goods.
9) Luxury Products - ANSWER this are the products that you can live without.
10) Basic Products - ANSWER this are the products that you cannot live without.
11) Economic Goods - ANSWER this are the products that has an attached value.
12) Non-economic Goods - ANSWER this are the goods that is free and provided by nature.
, 13) Public Goods - ANSWER this are the goods that are provided by the government.
14) Private Goods - ANSWER this are the goods that are produced by an entrepreneur.
15) Consumers, Producers, Government and International Market - ANSWER Sectors of the Economy
16) Consumers - ANSWER they are the one who purchased the finished products.
17) Producers - ANSWER they are the manufacturers and sellers of the finished products.
18) Government - ANSWER they are the one that regulates the actions of both consumers and
producers.
19) International Market - ANSWER they are the buyers of excess products and sellers of limited
products.
20) Factors of Production - ANSWER other term for "Economic Resources."
21) Land, Labor, Capital and Entrepreneur - ANSWER Factors of Production
22) Land - ANSWER pertains to the natural resources.
23) Labor - ANSWER pertains to human resources.
24) Capital - ANSWER pertains to the machines and equipment.
25) Entrepreneur - ANSWER person who combines the other economic resources.
26) What to produce? , How to produce? and For whom to produce? - ANSWER Basic Economic
Questions
