NURS 402 Final Exam Questions With Correct
Answers
What ||is ||economics? ||- ||CORRECT ||ANSWER✔✔-Economics ||is ||the ||science ||concerned ||with ||
the ||use ||of ||resources, ||including ||the ||production, ||distribution, ||and ||consumption ||of ||goods ||
and ||services
What ||is ||health ||economics? ||- ||CORRECT ||ANSWER✔✔-Health ||economics ||is ||concerned ||with ||
how ||scarce ||resources ||affect ||the ||health ||care ||industry
What ||is ||public ||health ||economics? ||- ||CORRECT ||ANSWER✔✔-Public ||health ||economics ||
focuses ||on ||the ||production, ||distribution, ||and ||consumption ||of ||goods ||and ||services ||as ||
related ||to ||public ||health ||and ||where ||limited ||public ||resources ||might ||best ||be ||spent ||to ||save
||lives ||or ||best ||increase ||the ||quality ||of ||life
What ||is ||public ||health ||finance? ||- ||CORRECT ||ANSWER✔✔-Public ||health ||finance ||is ||a ||
growing ||field ||of ||science ||and ||practice ||that ||involves ||the ||acquiring, ||managing, ||and ||using ||of
||monies ||to ||improve ||the ||health ||of ||populations ||through ||disease ||prevention ||and ||health ||
promotion ||strategies
This ||field ||of ||study ||also ||focuses ||on ||evaluating ||the ||use ||of ||the ||money ||and ||the ||impact ||on
||the ||public ||health ||system
What ||principles ||suggest ||how ||public ||health ||financing ||may ||occur? ||- ||CORRECT ||
ANSWER✔✔-1.) ||The ||source ||and ||use ||of ||monies ||are ||controlled ||solely ||by ||the ||government
2.) ||The ||government ||controls ||the ||money, ||but ||the ||private ||sector ||controls ||how ||the ||money
||is ||used
,3.) ||The ||private ||sector ||controls ||the ||money, ||but ||the ||government ||controls ||how ||the ||money
||is ||used
4.) ||The ||private ||sector ||controls ||the ||money ||and ||how ||it ||is ||used
When ||the ||government ||provides ||the ||funding ||and ||controls ||the ||use, ||the ||monies ||come ||
from ||taxes, ||user ||fees ||(e.g., ||license ||fees ||and ||purchase ||of ||alcohol/cigarettes), ||and ||charges ||
to ||consumers ||of ||the ||services
What ||is ||microeconomic ||theory? ||- ||CORRECT ||ANSWER✔✔-Microeconomic ||theory ||deals ||
with ||the ||behaviors ||of ||individuals ||and ||organizations ||and ||the ||effects ||of ||those ||behaviors ||
on ||prices, ||costs, ||and ||the ||allocating ||and ||distributing ||of ||resources
What ||are ||the ||2 ||basic ||principles ||of ||microeconomic ||theory? ||- ||CORRECT ||ANSWER✔✔-- ||
Supply
- ||Demand
Both ||of ||these ||are ||affected ||by ||price
Decreased ||quantity/availability ||of ||an ||object/service ||results ||an ||increase ||in ||the ||cost/price
Increased ||quantity/availability ||of ||an ||object/service ||results ||in ||a ||decrease ||in ||the ||cost/price
What ||is ||efficiency? ||- ||CORRECT ||ANSWER✔✔-Efficiency ||refers ||to ||producing ||maximal ||
output, ||such ||as ||a ||good ||or ||service, ||using ||a ||given ||set ||of ||resources ||(or ||inputs), ||such ||as ||
labor, ||time, ||and ||available ||money
,Efficiency ||suggests ||that ||the ||inputs ||(labor/time/money) ||are ||combined ||and ||used ||in ||such ||a
||way ||that ||there ||is ||no ||better ||way ||to ||produce ||the ||service, ||or ||output, ||and ||that ||no ||other ||
improvements ||can ||be ||made
What ||is ||effectiveness? ||- ||CORRECT ||ANSWER✔✔-Effectiveness ||refers ||to ||the ||extent ||to ||
which ||a ||healthcare ||service ||meets ||a ||stated ||goal ||or ||objective, ||or ||how ||well ||a ||program ||or ||
service ||achieves ||what ||is ||intended
For ||example, ||the ||effectiveness ||of ||a ||mass ||immunization ||program ||is ||related ||to ||the ||level ||
of ||"herd ||immunity" ||developed ||to ||reduce ||the ||problem ||that ||the ||program ||was ||addressing
What ||is ||macroeconomic ||theory? ||- ||CORRECT ||ANSWER✔✔-Macroeconomic ||theory ||focuses ||
on ||the ||"big ||picture" ||- ||the ||total, ||or ||aggregate, ||of ||all ||individuals ||and ||organizations ||(e.g., ||
behaviors ||such ||as ||growth, ||expansion, ||or ||decline ||of ||an ||aggregate)
In ||macroeconomics, ||the ||aggregate ||is ||usually ||a ||country ||or ||nation
What ||does ||economic ||growth ||reflect? ||- ||CORRECT ||ANSWER✔✔-Economic ||growth ||reflects ||
an ||increase ||in ||the ||output ||of ||a ||nation
What ||are ||measures ||of ||economic ||growth? ||- ||CORRECT ||ANSWER✔✔-- ||Gross ||national ||
product ||(GNP)
- ||Gross ||domestic ||product ||(GDP)
What ||is ||gross ||national ||product ||(GNP)? ||- ||CORRECT ||ANSWER✔✔-Gross ||national ||product ||
(GNP) ||is ||the ||total ||market ||value ||of ||all ||goods ||and ||services ||produced ||in ||an ||economy ||
during ||a ||period ||of ||time ||(e.g., ||quarterly ||or ||annually)
, GNP ||reflects ||national ||output ||plus ||income ||earned ||by ||U.S. ||businesses ||or ||citizens, ||whether
||within ||the ||United ||States ||or ||internationally
What ||is ||gross ||domestic ||product ||(GDP)? ||- ||CORRECT ||ANSWER✔✔-Gross ||domestic ||product ||
(GDP) ||is ||the ||total ||market ||value ||of ||the ||output ||of ||labor ||and ||property ||located ||in ||the ||
United ||States
GDP ||only ||reflects ||only ||the ||national ||U.S. ||output
What ||are ||the ||primary ||methods ||of ||assessing ||the ||economics ||of ||an ||intervention? ||- ||
CORRECT ||ANSWER✔✔-- ||Cost-benefit ||analysis ||(CBA)
- ||Cost-effectiveness ||analysis ||(CEA)
- ||Cost-utility ||analysis ||(CUA)
What ||is ||cost-benefit ||analysis? ||- ||CORRECT ||ANSWER✔✔-Cost-benefit ||analysis ||is ||considered ||
the ||best ||method ||to ||assess ||the ||economics ||of ||an ||intervention
CBA ||involves ||the ||listing ||of ||all ||costs ||and ||benefits ||that ||are ||expected ||to ||occur ||from ||an ||
intervention ||during ||a ||prescribed ||time
If ||the ||total ||benefits ||are ||greater ||than ||the ||total ||costs, ||the ||intervention ||has ||a ||net ||positive
||value ||(NPV)
Future ||or ||continued ||funding ||is ||given ||to ||the ||intervention ||with ||the ||highest ||NPV
What ||is ||cost-effectiveness ||analysis ||(CEA)? ||- ||CORRECT ||ANSWER✔✔-CEA ||expresses ||the ||net
||direct ||and ||indirect ||costs ||and ||cost ||savings ||in ||terms ||of ||a ||defined ||health ||outcome
Answers
What ||is ||economics? ||- ||CORRECT ||ANSWER✔✔-Economics ||is ||the ||science ||concerned ||with ||
the ||use ||of ||resources, ||including ||the ||production, ||distribution, ||and ||consumption ||of ||goods ||
and ||services
What ||is ||health ||economics? ||- ||CORRECT ||ANSWER✔✔-Health ||economics ||is ||concerned ||with ||
how ||scarce ||resources ||affect ||the ||health ||care ||industry
What ||is ||public ||health ||economics? ||- ||CORRECT ||ANSWER✔✔-Public ||health ||economics ||
focuses ||on ||the ||production, ||distribution, ||and ||consumption ||of ||goods ||and ||services ||as ||
related ||to ||public ||health ||and ||where ||limited ||public ||resources ||might ||best ||be ||spent ||to ||save
||lives ||or ||best ||increase ||the ||quality ||of ||life
What ||is ||public ||health ||finance? ||- ||CORRECT ||ANSWER✔✔-Public ||health ||finance ||is ||a ||
growing ||field ||of ||science ||and ||practice ||that ||involves ||the ||acquiring, ||managing, ||and ||using ||of
||monies ||to ||improve ||the ||health ||of ||populations ||through ||disease ||prevention ||and ||health ||
promotion ||strategies
This ||field ||of ||study ||also ||focuses ||on ||evaluating ||the ||use ||of ||the ||money ||and ||the ||impact ||on
||the ||public ||health ||system
What ||principles ||suggest ||how ||public ||health ||financing ||may ||occur? ||- ||CORRECT ||
ANSWER✔✔-1.) ||The ||source ||and ||use ||of ||monies ||are ||controlled ||solely ||by ||the ||government
2.) ||The ||government ||controls ||the ||money, ||but ||the ||private ||sector ||controls ||how ||the ||money
||is ||used
,3.) ||The ||private ||sector ||controls ||the ||money, ||but ||the ||government ||controls ||how ||the ||money
||is ||used
4.) ||The ||private ||sector ||controls ||the ||money ||and ||how ||it ||is ||used
When ||the ||government ||provides ||the ||funding ||and ||controls ||the ||use, ||the ||monies ||come ||
from ||taxes, ||user ||fees ||(e.g., ||license ||fees ||and ||purchase ||of ||alcohol/cigarettes), ||and ||charges ||
to ||consumers ||of ||the ||services
What ||is ||microeconomic ||theory? ||- ||CORRECT ||ANSWER✔✔-Microeconomic ||theory ||deals ||
with ||the ||behaviors ||of ||individuals ||and ||organizations ||and ||the ||effects ||of ||those ||behaviors ||
on ||prices, ||costs, ||and ||the ||allocating ||and ||distributing ||of ||resources
What ||are ||the ||2 ||basic ||principles ||of ||microeconomic ||theory? ||- ||CORRECT ||ANSWER✔✔-- ||
Supply
- ||Demand
Both ||of ||these ||are ||affected ||by ||price
Decreased ||quantity/availability ||of ||an ||object/service ||results ||an ||increase ||in ||the ||cost/price
Increased ||quantity/availability ||of ||an ||object/service ||results ||in ||a ||decrease ||in ||the ||cost/price
What ||is ||efficiency? ||- ||CORRECT ||ANSWER✔✔-Efficiency ||refers ||to ||producing ||maximal ||
output, ||such ||as ||a ||good ||or ||service, ||using ||a ||given ||set ||of ||resources ||(or ||inputs), ||such ||as ||
labor, ||time, ||and ||available ||money
,Efficiency ||suggests ||that ||the ||inputs ||(labor/time/money) ||are ||combined ||and ||used ||in ||such ||a
||way ||that ||there ||is ||no ||better ||way ||to ||produce ||the ||service, ||or ||output, ||and ||that ||no ||other ||
improvements ||can ||be ||made
What ||is ||effectiveness? ||- ||CORRECT ||ANSWER✔✔-Effectiveness ||refers ||to ||the ||extent ||to ||
which ||a ||healthcare ||service ||meets ||a ||stated ||goal ||or ||objective, ||or ||how ||well ||a ||program ||or ||
service ||achieves ||what ||is ||intended
For ||example, ||the ||effectiveness ||of ||a ||mass ||immunization ||program ||is ||related ||to ||the ||level ||
of ||"herd ||immunity" ||developed ||to ||reduce ||the ||problem ||that ||the ||program ||was ||addressing
What ||is ||macroeconomic ||theory? ||- ||CORRECT ||ANSWER✔✔-Macroeconomic ||theory ||focuses ||
on ||the ||"big ||picture" ||- ||the ||total, ||or ||aggregate, ||of ||all ||individuals ||and ||organizations ||(e.g., ||
behaviors ||such ||as ||growth, ||expansion, ||or ||decline ||of ||an ||aggregate)
In ||macroeconomics, ||the ||aggregate ||is ||usually ||a ||country ||or ||nation
What ||does ||economic ||growth ||reflect? ||- ||CORRECT ||ANSWER✔✔-Economic ||growth ||reflects ||
an ||increase ||in ||the ||output ||of ||a ||nation
What ||are ||measures ||of ||economic ||growth? ||- ||CORRECT ||ANSWER✔✔-- ||Gross ||national ||
product ||(GNP)
- ||Gross ||domestic ||product ||(GDP)
What ||is ||gross ||national ||product ||(GNP)? ||- ||CORRECT ||ANSWER✔✔-Gross ||national ||product ||
(GNP) ||is ||the ||total ||market ||value ||of ||all ||goods ||and ||services ||produced ||in ||an ||economy ||
during ||a ||period ||of ||time ||(e.g., ||quarterly ||or ||annually)
, GNP ||reflects ||national ||output ||plus ||income ||earned ||by ||U.S. ||businesses ||or ||citizens, ||whether
||within ||the ||United ||States ||or ||internationally
What ||is ||gross ||domestic ||product ||(GDP)? ||- ||CORRECT ||ANSWER✔✔-Gross ||domestic ||product ||
(GDP) ||is ||the ||total ||market ||value ||of ||the ||output ||of ||labor ||and ||property ||located ||in ||the ||
United ||States
GDP ||only ||reflects ||only ||the ||national ||U.S. ||output
What ||are ||the ||primary ||methods ||of ||assessing ||the ||economics ||of ||an ||intervention? ||- ||
CORRECT ||ANSWER✔✔-- ||Cost-benefit ||analysis ||(CBA)
- ||Cost-effectiveness ||analysis ||(CEA)
- ||Cost-utility ||analysis ||(CUA)
What ||is ||cost-benefit ||analysis? ||- ||CORRECT ||ANSWER✔✔-Cost-benefit ||analysis ||is ||considered ||
the ||best ||method ||to ||assess ||the ||economics ||of ||an ||intervention
CBA ||involves ||the ||listing ||of ||all ||costs ||and ||benefits ||that ||are ||expected ||to ||occur ||from ||an ||
intervention ||during ||a ||prescribed ||time
If ||the ||total ||benefits ||are ||greater ||than ||the ||total ||costs, ||the ||intervention ||has ||a ||net ||positive
||value ||(NPV)
Future ||or ||continued ||funding ||is ||given ||to ||the ||intervention ||with ||the ||highest ||NPV
What ||is ||cost-effectiveness ||analysis ||(CEA)? ||- ||CORRECT ||ANSWER✔✔-CEA ||expresses ||the ||net
||direct ||and ||indirect ||costs ||and ||cost ||savings ||in ||terms ||of ||a ||defined ||health ||outcome
