Econ 318 (A+ Graded)

The RAND Health insurance Experiment correct answers Randomly assigned levels of health insurance coverage to people In the Rand Health Insurance Experiment, people randomized to "free" health care were substantially more likely to be prescribed antibiotics for viral conditions. This is evidence that: correct answers i) demand for health care is responsive to price ii) insurance can result in more inappropriate health care Which of the following is evidence in favour of the "thrift phenotype" hypothesis? correct answers adults born during the famines created by China's "Great Leap Forward" are more likely to be diabetic If an increase in the proportion of GDP spend on health care changing from 9% to 11% causes life expectancy to rise from 79 to 81 years, then the (arc) elasticity of life expectancy to health expenditures is : correct answers [∆Q/(Q1 + Qq)]/[∆P(P1 + P2)] = 1/8 Which of the following is evidence that higher income causes better health? (weird question) correct answers People who won the lottery are found to be in better health the latter players who did not win The Fuchs hypothesis holds that correct answers both low SES and poor health are partially attributable to time preferences In the U.S., public programs which provided sanitation to aboriginal communities were found to correct answers Product large and cost-effective increases in population health Over the last 200 years, mortality in developed countries has decreased primarily because correct answers Deaths due to communicable diseases have fallen primarily for reasons other than the development of medical treatments Evidence from the RAND and Oregon experiments suggests correct answers demand for health care is inelastic and at the margin health care has a small effect on health Evidence suggests that equalizing access to health care correct answers would do little to eliminate health disparities We discussed a study by Adriana Lleras-Muney which used changes in minimum schooling laws to estimate the effect of education on health. This sort of study exploits correct answers Natural experiments A study reports that Canadians in the upper quartile of the distribution of income live on average 8.7 years longer than Canadians in the bottom quartile. It follows that correct answers a) if the people in the bottom quartile had the same incomes as people in the top quartile, their life expectancy would increase by 8.7 years