LSUS MHA 710 ECONOMICS EXAM 2 NEWEST ACTUAL EXAM WITH COMPLETE QUESTIONS AND CORRECT VERIFIED ANSWERS (DETAILED ANSWERS) ALREADY GRADED A+ 100% GUARANTEED TO PASS CONCEPTS!!!

LSUS MHA 710 ECONOMICS EXAM 2 NEWEST ACTUAL EXAM WITH COMPLETE QUESTIONS AND CORRECT VERIFIED ANSWERS (DETAILED ANSWERS) ALREADY GRADED A+ 100% GUARANTEED TO PASS CONCEPTS!!! Which of the following is the result of providers having more information about treatment alternatives than their patients do? - Correct Answer Principal-agent problem." "The number one cause of death in the United States was ______ in the 1980. By 2018, it was _____. - Correct Answer Heart disease ; heart disease" "The goal of health insurance is to: - Correct Answer Collect sufficient premiums to cover all possible losses." "The nature of health care delivery will be different in the future due to: - Correct Answer A rising percentage of eldering in the total population." "A physician's ability to induce demand is greatly enhanced when: - Correct Answer Patients have difficulty gathering & processing information." "One result of asymmetric information in health insurance markets is: - Correct Answer Adverse selection." "Research associates obesity with a higher risk of all the following conditions except: - Correct Answer Type 1 Diabetes." "The accompanying diagram depicts the relationship between health status & medical care spending for particular country. Assume the current spending level is S1 on TP1. All of the statements below are true? - Correct Answer S1 levels of spending are often described as spending on the flat of the curve." "According to Grossman (1972), how is the demand for medical care determined? - Correct Answer It is derived from the demand for health." "All of the following statements are true regarding social insurance, except: - Correct Answer It is usually experience-rated, with premiums based on ability to pay." "People buy insurance: - Correct Answer Because they are risk-averse." "Infant mortality rate is associated with low birth weight. By what percent would the U.S. infant mortality rate fall, if the United States had the same birth weight distribution as Sweden? - Correct Answer 34" "A major factor contributing to the growth in employee-based health insurance in the United States has been: - Correct Answer The tax-free treatment of health insurance as an employee benefit." "Which of the following is least responsible for the reduction in mortality rates in Europe & North America? - Correct Answer More effective medical interventions." "Insurance works best in situations where: - Correct Answer There is a low probability of a large loss." "All of the statements below are true according to the Organization for Economic Cooperation & Development, EXCEPT? - Correct Answer There is a very little difference in the prevalence of smoking between males & females worldwide." "Which age category has the highest incidence of those without health insurance? - Correct Answer 45-64 years of age." "The direct costs in an economic evaluation include all of the following except: - Correct Answer Reduced productivity at work." "Eliminating health disparities across various population groups requires that we: - Correct Answer Address the source of disparities in behavioral, socioeconomic, & environmental factors." "Moral hazard & adverse selection are both examples of: - Correct Answer Asymmetric information." "Suppose a group of 100 people seeks out an insurance company to underwrite health insurance for its members. The expected medical spending for the group is $150,000. If an additional 10 people who have expected medical spending of $5,000 per person on average join the group, the new premium will be approximately: - Correct Answer $2,139." "A prepaid hospital plan created by Baylor Hospital for a group of Dallas public school teachers in 1929 is considered by many to be the forerunner of: - Correct Answer Blue Cross." "The standard cut-off for cost per quality-adjusted life (QALY) used by most governmental decision makers is set in terms of a multiple of national per capita income. The value of the threshold is usually what percent of national per capita income? - Correct Answer 100" "Under which of the following circumstances is the principal-agent relationship likely to be most problematic? - Correct Answer Between surgeons & patients." "All of the following are the results of moral hazard, except: - Correct Answer Rational ignorance." "The RAND Health Insurance Study: - Correct Answer Was the most extensive controlled experiment in health insurance ever conducted in the United States." "Government decision makers worldwide are concerned with the excessive growth in medical care spending. When looking for areas to cut, they typically rely on the low-hanging fruit, which includes: - Correct Answer End-of-life care." "When area income increases by 20 percent, what occurs? - Correct Answer Quantity demanded rises by 10.0 percent." "Looking at the price of physician services vs. the quantity supplied in the graph below, the shift in the demand curve to D1 results in a new equilibrium at point c wit P1 and Q1, which would mean: - Correct Answer An increase in total spending." "All of the following types of analyses address the questions related to optimal resource allocation, except: - Correct Answer Comparative-effectiveness analysis." "What is responsible for over one-half of the gap in life expectancy between the U.S. & Canada? - Correct Answer Obesity" "A _____ percentage of the French population is obese, they consume _____ fat than Americans do. - Correct Answer Small ; Less" "In 2018, the overall obesity rate in the United States (as measured by BMI >30) is over _____ percent, with rates reaching higher than _____ percent among African American women. - Correct Answer 40 ; 50" "A critical assumption in the model of demand & supply is the independence of the demand & supply curves. If the 2 are not independent from each other, a shift in the supply curve can lead to a shift in the demand curve referred to as: - Correct Answer Supplier-induced demand." "Suppose a group of 100 people seeks out an insurance company too underwrite health insurance for its members. The expected medical spending for the group is $150,000. What will the average premium be if the health insurance company estimates the premium adding net loading costs of 15 percent? - Correct Answer $1,765" "The World Health Organization (WHO) reporting guidelines have established a strict definition of a live birth. It includes: - Correct Answer Infants who breath or how signs of life." "The best explanation of a quality-adjusted life year (QALY) is that it: - Correct Answer Incorporates quality-of-life improvements & length-of-life extensions into one measure." "In 2001, life expectancy at birth in the United States was 77.2 years, increasing to 78.7 years in 2018. However, there remains a racial gap between Blacks & Whites. White life expectancy in 2018 was at 78.6 years, & Black life expectancy was at 74.7 years. Causes of mortality reveals an interesting picture. Among Whites, ____ have a much higher rate than in Blacks, where _____ are much more prevalent. - Correct Answer Suicides & Chronic Respiratory Distress ; Homicides & Heart Disease." "The primary tasks required to conduct a successful cost effectiveness study are all of the following except: - Correct Answer Identifying the overall cost of a health condition on society." "The top 10 causes of death in the United States in 2018 included all of the following but: - Correct Answer AIDS."