MHA 710 – 2026 Exam 2 Graded
A+ (Questions with 100% Correct
Answers)
What is the best synonym for "marginal" in economics? - additional
A recurring theme in economics is that people: - Have unlimited wants, but limited resources
As a consequence of the problem of scarcity: - Individuals have to make choices from among
alternatives
Economic analysis assumes "purposeful behavior" or "rational behavior", which means that people
will pursue decisions or actions: - that will increase their well-being
information asymmetry - when a physician understands the treatment options better than the
patient.
Insurance makes transactions complex because: - it adds parties to medical transactions and
different insurers have different payment
A study arguing that the United States should adopt a single-payer health system. Is this an of
positive or normative economics? - Normative economics
Rational decision making involves - choosing the option that best helps you realize your goals, given
your resources.
What are some scarce resources? - Space in a building, the time of a manager, & pharmaceuticals
Direct consumer payments for healthcare: - have fallen to about 10.5% of total spending in 2015
Hospital spending in the U.S. - - still accounts for the largest share of healthcare spending.
- has risen as a share of the total since 2000.
A+ (Questions with 100% Correct
Answers)
What is the best synonym for "marginal" in economics? - additional
A recurring theme in economics is that people: - Have unlimited wants, but limited resources
As a consequence of the problem of scarcity: - Individuals have to make choices from among
alternatives
Economic analysis assumes "purposeful behavior" or "rational behavior", which means that people
will pursue decisions or actions: - that will increase their well-being
information asymmetry - when a physician understands the treatment options better than the
patient.
Insurance makes transactions complex because: - it adds parties to medical transactions and
different insurers have different payment
A study arguing that the United States should adopt a single-payer health system. Is this an of
positive or normative economics? - Normative economics
Rational decision making involves - choosing the option that best helps you realize your goals, given
your resources.
What are some scarce resources? - Space in a building, the time of a manager, & pharmaceuticals
Direct consumer payments for healthcare: - have fallen to about 10.5% of total spending in 2015
Hospital spending in the U.S. - - still accounts for the largest share of healthcare spending.
- has risen as a share of the total since 2000.
