LSUS MHA 710 Economics Exam 3
2025/2026 Exam Questions and Correct
Answers | New Update
Which of the following characteristics is true of the pharmaceutical
industry? - 🧠 ANSWER ✔✔Exclusive rights to market & sell patented
products.
The tax fully dedicated to provide support for Medicare Part A is: - 🧠
ANSWER ✔✔A 2.9 percent payroll tax paid by all workers, regardless of
their age.
Several reform options have been discussed by Congress to solve some of
the structural problems that plague the program. Which of the following
options has received little support? - 🧠 ANSWER ✔✔Limit the coverage for
end-of-life care, the most expensive single item in Medicare, to include only
essential palliative care.
, Part B pays what percentage of the allowable fee set by Medicare? - 🧠
ANSWER ✔✔80 percent.
Which of the following statements is true concerning the trend in
community hospital care between inpatient & outpatient services since the
mid-1980s? - 🧠 ANSWER ✔✔Outpatient services have been growing, while
inpatient services have been declining.
On average, biopharmaceutical companies spend approximately what
percentage of their sales revenue on research & development? - 🧠
ANSWER ✔✔5-10 percent.
In 2019, Medicare covered approximately how many Americans? - 🧠
ANSWER ✔✔60 milllion.
What was the main effect of the agreement on Trade-Related Aspects of
Intellectual Property Rights (TRIPS) on United States' domestic policy? - 🧠
ANSWER ✔✔It extended the life of patents from 17 years from the date of
grant to 20 years from the date of application.
Suppose the market for nursing services in a local community is so
dominated by a single community hospital that, for all practical purposes, it
2025/2026 Exam Questions and Correct
Answers | New Update
Which of the following characteristics is true of the pharmaceutical
industry? - 🧠 ANSWER ✔✔Exclusive rights to market & sell patented
products.
The tax fully dedicated to provide support for Medicare Part A is: - 🧠
ANSWER ✔✔A 2.9 percent payroll tax paid by all workers, regardless of
their age.
Several reform options have been discussed by Congress to solve some of
the structural problems that plague the program. Which of the following
options has received little support? - 🧠 ANSWER ✔✔Limit the coverage for
end-of-life care, the most expensive single item in Medicare, to include only
essential palliative care.
, Part B pays what percentage of the allowable fee set by Medicare? - 🧠
ANSWER ✔✔80 percent.
Which of the following statements is true concerning the trend in
community hospital care between inpatient & outpatient services since the
mid-1980s? - 🧠 ANSWER ✔✔Outpatient services have been growing, while
inpatient services have been declining.
On average, biopharmaceutical companies spend approximately what
percentage of their sales revenue on research & development? - 🧠
ANSWER ✔✔5-10 percent.
In 2019, Medicare covered approximately how many Americans? - 🧠
ANSWER ✔✔60 milllion.
What was the main effect of the agreement on Trade-Related Aspects of
Intellectual Property Rights (TRIPS) on United States' domestic policy? - 🧠
ANSWER ✔✔It extended the life of patents from 17 years from the date of
grant to 20 years from the date of application.
Suppose the market for nursing services in a local community is so
dominated by a single community hospital that, for all practical purposes, it
