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Terms in this set (112)
In order to be a successful price discriminator, a b. Markets must be segmentable, identifying differences in ability to pay.
provider must have a degree of market power
(depicted by a downward-sloping demand curve) and
meet what other condition(s)?
a. Customers cannot know that different prices are
being charged.
b. Markets must be segmentable, identifying
differences in ability to pay.
c. Demand for services must be relatively price elastic.
d. Profitable service expansion opportunities must be
limited.
e. The provider must have excess capacity to
accommodate the extra business.
Legislation considered by Congress to restrict legal d. raise the costs of operating in many of the nation's rural and inner-city
immigration would: hospitals.
a. surprise many policymakers because Congress finds
it difficult to agree on much of anything regarding
immigration.
b. improve employment prospects for native-born
Americans.
c. have little effect on medical markets, as so few
physicians practicing medicine in the United States are
foreigners.
d. raise the costs of operating in many of the nation's
rural and inner-city hospitals.
e. allow more Americans trained abroad to compete for
openings in United States' residency programs.
,Physicians who own their own diagnostic testing b. physician-induced demand.
facilities tend to order more tests, charge higher fees
for them, and have higher total bills to patients. This
practice of self-referral is an example of:
a. cognitive dissonance.
b. physician-induced demand.
c. moral hazard.
d. adverse selection.
e. res ipsa loquitur.
Which of the following statements is true concerning d. Outpatient services have been growing, while inpatient services have been
the trend in community hospital care between inpatient declining.
and outpatient services since the mid-1980s?
a. Both inpatient and outpatient services have been
declining.
b. There has been no noticeable trend in either
inpatient or outpatient services.
c. Both inpatient and outpatient services have been
growing.
d. Outpatient services have been growing, while
inpatient services have been declining.
e. Outpatient services have been declining, while
inpatient services have been growing.
The amount that Medicare pays a hospital for treating a a. at the point when the diagnosis is made.
Medicare patient is determined:
a. at the point when the diagnosis is made.
b. at the time of admission to the hospital.
c. before the patient sees a physician.
d. after the hospital bill is reviewed by Medicare
auditors.
e. after medical services are provided.
Compared to the not-for-profit organizational form, the a. allows for the transfer of assets.
for-profit environment
a. allows for the transfer of assets.
b. lacks a profit motive.
c. gives shareholders higher returns on their investment
d. provides patients with higher quality of care.
e. does not provide charity care.
What is the most significant cost of attending medical d. The income foregone
school?
a. Books and incidentals
b. Room and board
c. Tuition and fees
d. The income foregone
, Using the physician-control model to explain hospital a. Other medical inputs tend to be overused to maximize physicians'
behavior leads to which of the following conclusions? productivity.
a. Other medical inputs tend to be overused to
maximize physicians' productivity.
b. All investment decisions will be based on optimal
resource use.
c. The use of operating rooms will be maximized with
little excess capacity.
d. Physicians will strive to use the nursing staff
efficiently.
Economies of scale exist when: a. long-run average costs decline as output increases.
a. long-run average costs decline as output increases.
b. long-run average costs increase as output increases.
c. long-run average costs are constant.
d. short-run average costs decline.
e. short-run average costs increase.
Which of the following statements about the c. There are twice as many specialists as there are generalists.
distribution of physicians among specialties is true in
the United States?
a. There are twice as many generalists as there are
specialists.
b. The majority of physicians specialize in
general/family practice.
c. There are twice as many specialists as there are
generalists.
d. The specialty distribution in the United States is
similar to that of the rest of the world.
Starting salaries for female obstetricians/gynecologists b. The demand for female obstetricians/gynecologists is greater than the
are higher than those of male demand for male obstetricians/gynecologists .
obstetricians/gynecologists . What is the best
explanation for this?
a. There are more males in obstetrics/gynecology
residency programs than females.
b. The demand for female obstetricians/gynecologists
is greater than the demand for male
obstetricians/gynecologists .
c. The demand for female obstetricians/gynecologists is
less than the demand for male
obstetricians/gynecologists .
d. Female obstetricians/gynecologists have more
human capital than male obstetricians/gynecologists .
The rate of return on an investment in medical e. is inversely related to the length of time spent in formal schooling
education:
a. will increase with an increase in the availability of
student loans.
b. is inversely related to the number of years in the
profession.
c. is much higher than the rate of return on an
undergraduate business degree.
d. is inversely related to income.
e. is inversely related to the length of time spent in
formal schooling
100% Correct Answers | Verified | Latest Update 2026
Leave the first rating
Save
Students also studied
Flashcard sets Study guides
Sociology 2263B - Thinking Sociolo... social studies chapter 1 LG4: Immigration - Saylor Exam | Qu... FO
Teacher 126 terms 14 terms Teacher 13 terms Te
EXTENSION123 Preview Ruth_Syonzia Preview shannonjunior46 Preview
Terms in this set (112)
In order to be a successful price discriminator, a b. Markets must be segmentable, identifying differences in ability to pay.
provider must have a degree of market power
(depicted by a downward-sloping demand curve) and
meet what other condition(s)?
a. Customers cannot know that different prices are
being charged.
b. Markets must be segmentable, identifying
differences in ability to pay.
c. Demand for services must be relatively price elastic.
d. Profitable service expansion opportunities must be
limited.
e. The provider must have excess capacity to
accommodate the extra business.
Legislation considered by Congress to restrict legal d. raise the costs of operating in many of the nation's rural and inner-city
immigration would: hospitals.
a. surprise many policymakers because Congress finds
it difficult to agree on much of anything regarding
immigration.
b. improve employment prospects for native-born
Americans.
c. have little effect on medical markets, as so few
physicians practicing medicine in the United States are
foreigners.
d. raise the costs of operating in many of the nation's
rural and inner-city hospitals.
e. allow more Americans trained abroad to compete for
openings in United States' residency programs.
,Physicians who own their own diagnostic testing b. physician-induced demand.
facilities tend to order more tests, charge higher fees
for them, and have higher total bills to patients. This
practice of self-referral is an example of:
a. cognitive dissonance.
b. physician-induced demand.
c. moral hazard.
d. adverse selection.
e. res ipsa loquitur.
Which of the following statements is true concerning d. Outpatient services have been growing, while inpatient services have been
the trend in community hospital care between inpatient declining.
and outpatient services since the mid-1980s?
a. Both inpatient and outpatient services have been
declining.
b. There has been no noticeable trend in either
inpatient or outpatient services.
c. Both inpatient and outpatient services have been
growing.
d. Outpatient services have been growing, while
inpatient services have been declining.
e. Outpatient services have been declining, while
inpatient services have been growing.
The amount that Medicare pays a hospital for treating a a. at the point when the diagnosis is made.
Medicare patient is determined:
a. at the point when the diagnosis is made.
b. at the time of admission to the hospital.
c. before the patient sees a physician.
d. after the hospital bill is reviewed by Medicare
auditors.
e. after medical services are provided.
Compared to the not-for-profit organizational form, the a. allows for the transfer of assets.
for-profit environment
a. allows for the transfer of assets.
b. lacks a profit motive.
c. gives shareholders higher returns on their investment
d. provides patients with higher quality of care.
e. does not provide charity care.
What is the most significant cost of attending medical d. The income foregone
school?
a. Books and incidentals
b. Room and board
c. Tuition and fees
d. The income foregone
, Using the physician-control model to explain hospital a. Other medical inputs tend to be overused to maximize physicians'
behavior leads to which of the following conclusions? productivity.
a. Other medical inputs tend to be overused to
maximize physicians' productivity.
b. All investment decisions will be based on optimal
resource use.
c. The use of operating rooms will be maximized with
little excess capacity.
d. Physicians will strive to use the nursing staff
efficiently.
Economies of scale exist when: a. long-run average costs decline as output increases.
a. long-run average costs decline as output increases.
b. long-run average costs increase as output increases.
c. long-run average costs are constant.
d. short-run average costs decline.
e. short-run average costs increase.
Which of the following statements about the c. There are twice as many specialists as there are generalists.
distribution of physicians among specialties is true in
the United States?
a. There are twice as many generalists as there are
specialists.
b. The majority of physicians specialize in
general/family practice.
c. There are twice as many specialists as there are
generalists.
d. The specialty distribution in the United States is
similar to that of the rest of the world.
Starting salaries for female obstetricians/gynecologists b. The demand for female obstetricians/gynecologists is greater than the
are higher than those of male demand for male obstetricians/gynecologists .
obstetricians/gynecologists . What is the best
explanation for this?
a. There are more males in obstetrics/gynecology
residency programs than females.
b. The demand for female obstetricians/gynecologists
is greater than the demand for male
obstetricians/gynecologists .
c. The demand for female obstetricians/gynecologists is
less than the demand for male
obstetricians/gynecologists .
d. Female obstetricians/gynecologists have more
human capital than male obstetricians/gynecologists .
The rate of return on an investment in medical e. is inversely related to the length of time spent in formal schooling
education:
a. will increase with an increase in the availability of
student loans.
b. is inversely related to the number of years in the
profession.
c. is much higher than the rate of return on an
undergraduate business degree.
d. is inversely related to income.
e. is inversely related to the length of time spent in
formal schooling
