MHA 710 Study guides, Class notes & Summaries

MHA 710 Test 2 (Ch 5-8) 100% Correct Solved 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 norma...

MHA 706 Midterm- Lord Exam Questions and Answers 100% Pass Proprietorships & Partnerships: Pros & Cons - Correct Answer ️️ -Pros: Ease of Information, Subject to a few regulations, no corporation income taxes. Cons: Limited life, difficult to transfer, unlimited life, difficult to raise capital. Corporations: Pros & Cons - Correct Answer ️️ -Pros: Unlimited life, easy transfer of ownership, limited liability, ease of raising capital. Cons: Cost of formation and reporting, double o...

LSUS MHA 710 COMPLETE EXAM 4 WITH QUESTIONS AND ANSWERS

MHA 710 LSUS COMPLETE EXAM WITH QUESTIONS AND ANSWERS | 100% Pass

LSUS MHA 710 COMPLETE EXAM 2 WITH QUESTIONS AND ANSWERS

Research indicates that the 2014 expansion of Medicaid has led to a number of unintended consequences including: - ANSWER higher per capita spending on the expansion population than anticipated. Of the four categories of the Medicaid-eligible population, which of these could benefit by opening up the health exchanges to some degree of privitization? - ANSWER Adults

because resources are scarce, what are the 3 important questions to ask - ANSWER 1- WHAT shall we produce (or not) 2- HOW shall we produce it 3- WHO gets what produced cost - ANSWER the value of a resource in its next best use marginal or incremental cost - ANSWER the cost of producing an additional unit of output rational decision making - ANSWER choosing the course of action that offers the best outcomes, given the constraints one faces

What is the name of the health care reform feature where employers can either provide health care coverage to their employees or pay a payroll tax to fund government-provided insurance? - ANSWER Play-or-pay Which of the following countries placed highest on the healthcare access and quality (HAQ) index? - ANSWER Switzerland

Economics is best defined as the study of how to run a business most profitably. True or False. - ANSWER False Exhaust from a factory that increases health risks for people living near the factory is an example of an externality. True or False. - ANSWER True In 2008 and 2009, the U.S. economy experienced a deep economic downturn. If there is a short- run trade-off between inflation and unemployment, to combat the high unemployment, President Obama should have pursued an inflationary policy...

Which of the following is the best synonym for "marginal" in economics? - ANSWER additional A recurring theme in economics is that people - ANSWER Have unlimited wants, but limited resources. As a consequence of the problem of scarcity: - ANSWER Individuals have to make choices from among alternatives