HEALTHCARE ECONOMICS MIDTERM
REVIEW/ACTUAL EXAM QUESTIONS &
ANSWERS RATED 100% CORRECT!!
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Practice questions for this set
Learn 1 /7 Study with Learn
price elasticity calculated over a range of prices
Choose matching term
1 Health Disparity 2 Cost-sharing plan
Which option is NOT true on the
3 4 arc elasticity of demand
price of healthcare?
Don't know?
Terms in this set (79)
, What proportion of the 0.18
GDP is spent on
healthcare?
arc elasticity of demand price elasticity calculated over a range of prices
False: Healthcare has an INELASTIC demand. Any
value between 0 and -1 has an inelastic demand.
True of False: Healthcare
This proposes that while healthcare demand does
has an ELASTIC demand
change to price, the change is not significant
enough for it to be considered elastic.
Price alone does NOT affect ones health. However,
does price for care affect
other factors may contribute to it affecting health
health?
such as low-income, or having high blood pressure).
Health plays as a:
The Grossman Model (3
Consumption Good
components)
An input into Production
A form of Stock
Utility Usefulness; capable of satisfying wants and needs
H represents level of health
H and X relationship
X represents home goods that contribute to
(Ut=U(Ht, Xt))
usefulness and satisfaction (i.e video games, time
with friends)
differences in health -- incidence, prevalence,
Health Disparity mortality, and burden of disease -- between specific
populations
True or False: Educated TRUE
individuals are more
likely to live longer
compared to HS
dropouts
REVIEW/ACTUAL EXAM QUESTIONS &
ANSWERS RATED 100% CORRECT!!
Save
Practice questions for this set
Learn 1 /7 Study with Learn
price elasticity calculated over a range of prices
Choose matching term
1 Health Disparity 2 Cost-sharing plan
Which option is NOT true on the
3 4 arc elasticity of demand
price of healthcare?
Don't know?
Terms in this set (79)
, What proportion of the 0.18
GDP is spent on
healthcare?
arc elasticity of demand price elasticity calculated over a range of prices
False: Healthcare has an INELASTIC demand. Any
value between 0 and -1 has an inelastic demand.
True of False: Healthcare
This proposes that while healthcare demand does
has an ELASTIC demand
change to price, the change is not significant
enough for it to be considered elastic.
Price alone does NOT affect ones health. However,
does price for care affect
other factors may contribute to it affecting health
health?
such as low-income, or having high blood pressure).
Health plays as a:
The Grossman Model (3
Consumption Good
components)
An input into Production
A form of Stock
Utility Usefulness; capable of satisfying wants and needs
H represents level of health
H and X relationship
X represents home goods that contribute to
(Ut=U(Ht, Xt))
usefulness and satisfaction (i.e video games, time
with friends)
differences in health -- incidence, prevalence,
Health Disparity mortality, and burden of disease -- between specific
populations
True or False: Educated TRUE
individuals are more
likely to live longer
compared to HS
dropouts
