Page 1 of 27
MHA 710 EXAM 3 NEWEST 2025 PACKAGE DEAL|
MHA 710 HEALTHCARE ECONOMICS EXAM 1, 2 AND
EXAM 3 WITH COMPLETE ACTUAL EXAM QUESTIONS
AND CORRECT VERIFIED ANSWERS/ ALREADY
GRADED A (MOST RECENT!!)
1. 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
,Page 2 of 27
Which of the following statements about the distribution of
physicians among specialties is true in the United States?
.....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..... $200,00
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.
, Page 3 of 27
Physicians who own their own diagnostic testing facilities tend to
order more tests, charge higher fees for them, and have higher
total bills to patients. This practice of self-referral is an example
of .....ANSWER..... a. physician-induced demand.
The observed variations in practice patterns in different regions
of the country are difficult to eliminate .....ANSWER..... a.
because of the many alternative treatment options available for
most ailments.
b. due to the localized nature of most medical practice.
c. because it is difficult to change the preferences of physicians
and patients.
d. the observed variations are so minor that they are of little
concern to policy makers.
e. a, b, and c are true.
MHA 710 EXAM 3 NEWEST 2025 PACKAGE DEAL|
MHA 710 HEALTHCARE ECONOMICS EXAM 1, 2 AND
EXAM 3 WITH COMPLETE ACTUAL EXAM QUESTIONS
AND CORRECT VERIFIED ANSWERS/ ALREADY
GRADED A (MOST RECENT!!)
1. 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
,Page 2 of 27
Which of the following statements about the distribution of
physicians among specialties is true in the United States?
.....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..... $200,00
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.
, Page 3 of 27
Physicians who own their own diagnostic testing facilities tend to
order more tests, charge higher fees for them, and have higher
total bills to patients. This practice of self-referral is an example
of .....ANSWER..... a. physician-induced demand.
The observed variations in practice patterns in different regions
of the country are difficult to eliminate .....ANSWER..... a.
because of the many alternative treatment options available for
most ailments.
b. due to the localized nature of most medical practice.
c. because it is difficult to change the preferences of physicians
and patients.
d. the observed variations are so minor that they are of little
concern to policy makers.
e. a, b, and c are true.
