MHA 710 HEALTHCARE ECONOMICS CORE
REVIEW MAIN QUESTIONS AND ANSWERS SURE
A+
✔✔In 2010, the medical specialty that earned the highest rate of return on investment
was
a. general primary care.
b. Internal medicine.
c. Pediatrics.
d. orthopedic surgery.
e. none of the above. - ✔✔d. orthopedic surgery.
✔✔Suppose the number of medical school graduates continues to increase over the
next decade. Which of the following is true?
a. Physicians' salaries must fall.
b. Physicians' salaries must rise.
c. Physicians' salaries will fall only if the demand for medical services falls.
d. Physicians' salaries will fall if the demand for medical services rises more than the
supply of physicians rises.
e. Physicians' salaries will rise if the demand for medical services rises more than the
supply of physicians rises. - ✔✔e. Physicians' salaries will rise if the demand for medical
services rises more than the supply of physicians rises.
, ✔✔Physicians' salaries increased substantially over the decade 1995-2005 from an
average of $215,000 to $315,000. What is the best explanation for this?
a. Physicians were smarter in 2005 than in 1995.
b. The supply of physicians has increased.
c. The supply of physicians has decreased.
d. The demand for physicians has increased.
e. The demand for physicians has decreased. - ✔✔d. The demand for physicians has
increased.
✔✔Starting salaries for female OB/GYNs are higher than those of male OB/GYNs.
What is the best explanation for this?
a. Female OB/GYNs have more human capital than male OB/GYNs.
b. Female OB/GYNs are smarter than male OB/GYNs.
c. The demand for female OB/GYNs is greater than the demand for male OB/GYNs.
d. The demand for female OB/GYNs is less than the demand for male OB/GYNs.
e. More males are in OB/GYN residency programs than females. - ✔✔c. The demand
for female OB/GYNs is greater than the demand for male OB/GYNs.
✔✔This study was the catalyst for the early twentieth-century reform of medical
education in the United States. What was it?
a. Coolidge Commission
b. Hill-Burton Committee
c. Mangrum Report
d. Flexner Report
e. Kaiser Foundation Study - ✔✔d. Flexner Report
✔✔In the nineteenth century, hospitals had notorious reputations—they were
questionable places to visit, risky places to stay. What advances changed all this?
a. Development of the germ theory of disease
b. Advances in medical technology
c. Availability of health insurance to pay the bills
d. All of the above - ✔✔d. All of the above
✔✔The dominant factor affecting medical care delivery and finance in the 1960s was
a. the Hill-Burton Act.
b. prospective payment for hospitals.
c. the creation of Medicare and Medicaid.
d. the explosive growth of managed care.
e. the passage of ERISA. - ✔✔c. the creation of Medicare and Medicaid.
✔✔The dominant factor affecting medical care delivery and finance in the 1980s was
a. the Hill-Burton Act.
b. prospective payment for hospitals.
c. The creation of Medicare and Medicaid.
REVIEW MAIN QUESTIONS AND ANSWERS SURE
A+
✔✔In 2010, the medical specialty that earned the highest rate of return on investment
was
a. general primary care.
b. Internal medicine.
c. Pediatrics.
d. orthopedic surgery.
e. none of the above. - ✔✔d. orthopedic surgery.
✔✔Suppose the number of medical school graduates continues to increase over the
next decade. Which of the following is true?
a. Physicians' salaries must fall.
b. Physicians' salaries must rise.
c. Physicians' salaries will fall only if the demand for medical services falls.
d. Physicians' salaries will fall if the demand for medical services rises more than the
supply of physicians rises.
e. Physicians' salaries will rise if the demand for medical services rises more than the
supply of physicians rises. - ✔✔e. Physicians' salaries will rise if the demand for medical
services rises more than the supply of physicians rises.
, ✔✔Physicians' salaries increased substantially over the decade 1995-2005 from an
average of $215,000 to $315,000. What is the best explanation for this?
a. Physicians were smarter in 2005 than in 1995.
b. The supply of physicians has increased.
c. The supply of physicians has decreased.
d. The demand for physicians has increased.
e. The demand for physicians has decreased. - ✔✔d. The demand for physicians has
increased.
✔✔Starting salaries for female OB/GYNs are higher than those of male OB/GYNs.
What is the best explanation for this?
a. Female OB/GYNs have more human capital than male OB/GYNs.
b. Female OB/GYNs are smarter than male OB/GYNs.
c. The demand for female OB/GYNs is greater than the demand for male OB/GYNs.
d. The demand for female OB/GYNs is less than the demand for male OB/GYNs.
e. More males are in OB/GYN residency programs than females. - ✔✔c. The demand
for female OB/GYNs is greater than the demand for male OB/GYNs.
✔✔This study was the catalyst for the early twentieth-century reform of medical
education in the United States. What was it?
a. Coolidge Commission
b. Hill-Burton Committee
c. Mangrum Report
d. Flexner Report
e. Kaiser Foundation Study - ✔✔d. Flexner Report
✔✔In the nineteenth century, hospitals had notorious reputations—they were
questionable places to visit, risky places to stay. What advances changed all this?
a. Development of the germ theory of disease
b. Advances in medical technology
c. Availability of health insurance to pay the bills
d. All of the above - ✔✔d. All of the above
✔✔The dominant factor affecting medical care delivery and finance in the 1960s was
a. the Hill-Burton Act.
b. prospective payment for hospitals.
c. the creation of Medicare and Medicaid.
d. the explosive growth of managed care.
e. the passage of ERISA. - ✔✔c. the creation of Medicare and Medicaid.
✔✔The dominant factor affecting medical care delivery and finance in the 1980s was
a. the Hill-Burton Act.
b. prospective payment for hospitals.
c. The creation of Medicare and Medicaid.
