MHA 710 TEST 2 (CH 5-8) EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+

MHA 710 TEST 2 (CH 5-8) EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ Suppose you must rely exclusively on cost-effectiveness analysis (CEA) to determine whether a category of people receives, potentially life-saving, intervention. Which of the following considerations must you keep in mind when making your decision? a. CEA studies are considered the gold standard as far as evaluation studies are concerned b. CEA ignores the possibility that certain unidentified individuals in a group may have a greater than normal positive response to the treatment c. CEA studies take a long time to conduct and are expensive to evaluate d. CEA studies are subjective and rely on the judgment of clinicians and researchers. e. CEA determines the efficient threshold above which treatments are unnecessarily expensive. Correct Answer: CEA ignores the possibility that certain unidentified individuals in a group may have a greater than normal positive response to the treatment Factors affecting the level of medical care demand include all of the following except: a. physician factors b. economic standing c. health status d. demographic characteristics e. price of medical care Correct Answer: Price of medical care Many economists consider medical care a superior good. Which of the following statements is true regarding a superior good? a. A superior good has an income elasticity of demand less than one. b. Superior goods are considered necessities. c. When the price of a superior good increases, consumers demand more of it. d. As consumer income increases, consumers spend more on superior goods. e. Consumers want more of a superior good regardless of its price. Correct Answer: As consumer income increases, consumers spend more on superior goods Which of the following is least responsible for the reduction in mortality rates in Europe and North America? a. Improved sanitary conditions b. Reduced exposure to diseases c. Better nutrition and housing d. Clean water and waste disposal e. More effective medical intervention