Economics EC248 – Quiz 11 – Practice Questions
Recent evidence indicates that:
the majority of physicians are females
the average age of physicians is close to 65 years
the number of services/physician has decreased on average
physicians have, on average, reduced their working hours per week - ANS✔✔ physicians have,
on average, reduced their working hours per week
In Canada, recently the predominant mechanism of funding for physician services is
capitation
fee-for-service
salary
mixed methods of funding - ANS✔✔ fee-for-service
The McGuire-Pauly synthesis examines the impacts of lowered profit rates. The _______ effect
suggests lowered profit would tend to reduce inducement, while the _______ effect suggests
lowered profit would increase inducement.
income; substitution.
substitution; income.
income; information.
target income; substitution. - ANS✔✔ substitution; income.
Most physician models are developed within a
standard framework
household production framework
human capital framework
Recent evidence indicates that:
the majority of physicians are females
the average age of physicians is close to 65 years
the number of services/physician has decreased on average
physicians have, on average, reduced their working hours per week - ANS✔✔ physicians have,
on average, reduced their working hours per week
In Canada, recently the predominant mechanism of funding for physician services is
capitation
fee-for-service
salary
mixed methods of funding - ANS✔✔ fee-for-service
The McGuire-Pauly synthesis examines the impacts of lowered profit rates. The _______ effect
suggests lowered profit would tend to reduce inducement, while the _______ effect suggests
lowered profit would increase inducement.
income; substitution.
substitution; income.
income; information.
target income; substitution. - ANS✔✔ substitution; income.
Most physician models are developed within a
standard framework
household production framework
human capital framework
