MHA 710 EXAM 3 LSUS 2024/2025 NEWEST!! ACTUAL COMPLETE
ALL 490 REAL EXAM QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS ) ALREADY GRADED A+.
Government regulators sometimes set the price of a drug at its
marginal cost of production without including a fair
share of the global joint cost of research and development. Which
of the following statements is true about this
practice? - ANSWER-This practice is a
classic example of free riding.
What was the main effect of the agreement on Trade-Related
Aspects of Intellectual Property Rights (TRIPS) on
United States' domestic policy? - ANSWER-It extended the life of
patents from 17 years from the date of grant to
20 years from the date
of application.
The majority of pharmaceutical advertising is directed at which of
the following groups? - ANSWER-Physicians
Part B pays what percentage of the allowable fee set by Medicare? -
ANSWER-80%
,By the time a drug enters the clinical trial phase of testing on
humans, - ANSWER-an average of five years of the
overall patent life has
already expired
Which of the following is a true statement about long-term care? -
ANSWER-?
Finkelstein and McKnight (2008) provide an empirical estimate of
the benefits to seniors of the 1965 introduction of Medicare. Which
of the following statements is true concerning the results of this
study? - ANSWER-The real impact of the introduction of Medicare
was on the reduction in out-of-pocket health care spending for
households faced with catastrophic events (those in the top 25
percent of spenders).
Which of the following services is covered under Part B of
Medicare? - ANSWER-Emergency room services
Medicare and Medicaid were enacted by the Johnson administration
in 1965 as amendments to which federal law
already in existence? -
ANSWER-Social Security Act
Medical care spending escalates as an individual reaches old age.
Which of the following statements is true regarding medical care
,spending and the elderly? - ANSWER-Chronic illnesses increase as
we age as do the multiplicity of services available to treat those
illnesses.
How much did pharmaceutical companies spend on direct-to-
consumer advertising in 2019? - ANSWER-$6.1
billion
Danzon and Furukawa (2003) argue that: - ANSWER-pharmaceutical
price differences across countries are roughly in line with
differences in per capita gross domestic product, supporting the
predictions of Ramsey pricing practices.
What is the equilibrium wage and level of employment under
monopsony? - ANSWER-W0 and E0
If the market were perfectly competitive instead of dominated by a
monopsonist, what would the equilibrium wage
and level of employment be? -
ANSWER-W1 and E1
What is the most significant cost of attending medical school? -
ANSWER-The income foregone
Which of the following would increase the supply of physicians?
- ANSWER-More scholarships and grants to
, cover medical
school tuition
Which of the following statements about the distribution of
physicians among specialties is true in the US? -
ANSWER-There are twice as many
specialists as there are generalists
According to surveys by the Medical Group Management
Association, the average primary care physician earned
approximately ___ in 2010 -
ANSWER-$200,000
Surgical specialists earn more than general/ family practice
physicians. Which of the following statements is not true regarding
this income differential? - ANSWER-Surgeons will always earn more
than general practitioners because they are smarter than general
practitioners
The rate of return on an investment in medical education - ANSWER-
is inversely related to the number of years in
the
profession
Physicians who own their own diagnostic testing facilities tend to
order more tests, charge higher fees for them, and have higher total
ALL 490 REAL EXAM QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS ) ALREADY GRADED A+.
Government regulators sometimes set the price of a drug at its
marginal cost of production without including a fair
share of the global joint cost of research and development. Which
of the following statements is true about this
practice? - ANSWER-This practice is a
classic example of free riding.
What was the main effect of the agreement on Trade-Related
Aspects of Intellectual Property Rights (TRIPS) on
United States' domestic policy? - ANSWER-It extended the life of
patents from 17 years from the date of grant to
20 years from the date
of application.
The majority of pharmaceutical advertising is directed at which of
the following groups? - ANSWER-Physicians
Part B pays what percentage of the allowable fee set by Medicare? -
ANSWER-80%
,By the time a drug enters the clinical trial phase of testing on
humans, - ANSWER-an average of five years of the
overall patent life has
already expired
Which of the following is a true statement about long-term care? -
ANSWER-?
Finkelstein and McKnight (2008) provide an empirical estimate of
the benefits to seniors of the 1965 introduction of Medicare. Which
of the following statements is true concerning the results of this
study? - ANSWER-The real impact of the introduction of Medicare
was on the reduction in out-of-pocket health care spending for
households faced with catastrophic events (those in the top 25
percent of spenders).
Which of the following services is covered under Part B of
Medicare? - ANSWER-Emergency room services
Medicare and Medicaid were enacted by the Johnson administration
in 1965 as amendments to which federal law
already in existence? -
ANSWER-Social Security Act
Medical care spending escalates as an individual reaches old age.
Which of the following statements is true regarding medical care
,spending and the elderly? - ANSWER-Chronic illnesses increase as
we age as do the multiplicity of services available to treat those
illnesses.
How much did pharmaceutical companies spend on direct-to-
consumer advertising in 2019? - ANSWER-$6.1
billion
Danzon and Furukawa (2003) argue that: - ANSWER-pharmaceutical
price differences across countries are roughly in line with
differences in per capita gross domestic product, supporting the
predictions of Ramsey pricing practices.
What is the equilibrium wage and level of employment under
monopsony? - ANSWER-W0 and E0
If the market were perfectly competitive instead of dominated by a
monopsonist, what would the equilibrium wage
and level of employment be? -
ANSWER-W1 and E1
What is the most significant cost of attending medical school? -
ANSWER-The income foregone
Which of the following would increase the supply of physicians?
- ANSWER-More scholarships and grants to
, cover medical
school tuition
Which of the following statements about the distribution of
physicians among specialties is true in the US? -
ANSWER-There are twice as many
specialists as there are generalists
According to surveys by the Medical Group Management
Association, the average primary care physician earned
approximately ___ in 2010 -
ANSWER-$200,000
Surgical specialists earn more than general/ family practice
physicians. Which of the following statements is not true regarding
this income differential? - ANSWER-Surgeons will always earn more
than general practitioners because they are smarter than general
practitioners
The rate of return on an investment in medical education - ANSWER-
is inversely related to the number of years in
the
profession
Physicians who own their own diagnostic testing facilities tend to
order more tests, charge higher fees for them, and have higher total
