1|Page
LSUS MHA 710 EXAM 3 HEALTHCARE ECONOMICS EXAM LATEST
2026 ACTUAL EXAM WITH COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (100% VERIFIED ANSWERS) |ALREADY
GRADED A+| ||PROFESSOR VERIFIED|| ||BRANDNEW!!!||
Which of the following statements about the distribution of
physicians among specialties is true in the United States?
a.
There are twice as many generalists as there are specialists.
b.
There are twice as many specialists as there are generalists.
c.
The majority of physicians specialize in general/family practice.
d.
The specialty distribution in the United States is similar to that of
the rest of the world. - ANSWER-b.
There are twice as many specialists as there are generalists.
Since the early 1960s, the number of primary care physicians
has fallen below 50 percent of active physicians. The
percentage has gradually declined and as recently as 2015
,2|Page
was 37.2 percent. In many developed countries, primary care
physicians make up over 50 percent of the total number of
active physicians (OECD, 2020).
Which of the following would increase the supply of physicians?
a. Increasing the cost of attending medical school
b. More scholarships and grants to cover medical school tuition
c. Increasing the medical school entrance requirements to include
15 hours of economics
d. Making it easier for plaintiffs to prove medical malpractice
claims
e. Paying medical schools to eliminate residency opportunities in
some specialties - ANSWER-b. More scholarships and grants to
cover medical school tuition
According to surveys by the Medical Group Management
Association, the average primary care physician earned
approximately _______ in 2010.
a. $125,000
b. $150,000
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c. $185,000
d. $200,00
e. $225,000. - ANSWER-d. $200,00
Surgical specialists earn more than general/family practice
physicians. Which of the following statements is not true
regarding this income differential?
a. Surgeons earn more because their practice costs, including
medical malpractice insurance is higher.
b. Surgeons earn more to compensate them for the extra years
spent as residents.
c. Physicians' incomes are determined to a large extent by supply
and demand conditions with respect to each specialty.
d. Surgeons will always earn more than general practitioners
because they are smarter than general practitioners.
e. Surgeons earn more than general practitioners because cutting
into people is messy. - ANSWER-d. Surgeons will always earn
more than general practitioners because they are smarter than
general practitioners.
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The observed variations in practice patterns in different regions of
the country are difficult to eliminate
a. because of the many alternative treatment options available for
most ailments.
b. due to the localized nature of most medical practice.
c. because it is difficult to change the preferences of physicians
and patients.
d. the observed variations are so minor that they are of little
concern to policy makers.
e. a, b, and c are true. - ANSWER-e. a, b, and c are true.
To address the shortage of physicians on the horizon, it will be
necessary to
a. build more medical schools.
b. provide more grants and scholarships for medical education.
c. allow the admission of more foreign-educated physicians.
d.all of the above - ANSWER-all of the above
In 2010, the medical specialty that earned the highest rate of
return on investment was
LSUS MHA 710 EXAM 3 HEALTHCARE ECONOMICS EXAM LATEST
2026 ACTUAL EXAM WITH COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (100% VERIFIED ANSWERS) |ALREADY
GRADED A+| ||PROFESSOR VERIFIED|| ||BRANDNEW!!!||
Which of the following statements about the distribution of
physicians among specialties is true in the United States?
a.
There are twice as many generalists as there are specialists.
b.
There are twice as many specialists as there are generalists.
c.
The majority of physicians specialize in general/family practice.
d.
The specialty distribution in the United States is similar to that of
the rest of the world. - ANSWER-b.
There are twice as many specialists as there are generalists.
Since the early 1960s, the number of primary care physicians
has fallen below 50 percent of active physicians. The
percentage has gradually declined and as recently as 2015
,2|Page
was 37.2 percent. In many developed countries, primary care
physicians make up over 50 percent of the total number of
active physicians (OECD, 2020).
Which of the following would increase the supply of physicians?
a. Increasing the cost of attending medical school
b. More scholarships and grants to cover medical school tuition
c. Increasing the medical school entrance requirements to include
15 hours of economics
d. Making it easier for plaintiffs to prove medical malpractice
claims
e. Paying medical schools to eliminate residency opportunities in
some specialties - ANSWER-b. More scholarships and grants to
cover medical school tuition
According to surveys by the Medical Group Management
Association, the average primary care physician earned
approximately _______ in 2010.
a. $125,000
b. $150,000
,3|Page
c. $185,000
d. $200,00
e. $225,000. - ANSWER-d. $200,00
Surgical specialists earn more than general/family practice
physicians. Which of the following statements is not true
regarding this income differential?
a. Surgeons earn more because their practice costs, including
medical malpractice insurance is higher.
b. Surgeons earn more to compensate them for the extra years
spent as residents.
c. Physicians' incomes are determined to a large extent by supply
and demand conditions with respect to each specialty.
d. Surgeons will always earn more than general practitioners
because they are smarter than general practitioners.
e. Surgeons earn more than general practitioners because cutting
into people is messy. - ANSWER-d. Surgeons will always earn
more than general practitioners because they are smarter than
general practitioners.
, 4|Page
The observed variations in practice patterns in different regions of
the country are difficult to eliminate
a. because of the many alternative treatment options available for
most ailments.
b. due to the localized nature of most medical practice.
c. because it is difficult to change the preferences of physicians
and patients.
d. the observed variations are so minor that they are of little
concern to policy makers.
e. a, b, and c are true. - ANSWER-e. a, b, and c are true.
To address the shortage of physicians on the horizon, it will be
necessary to
a. build more medical schools.
b. provide more grants and scholarships for medical education.
c. allow the admission of more foreign-educated physicians.
d.all of the above - ANSWER-all of the above
In 2010, the medical specialty that earned the highest rate of
return on investment was
