Question 1

Rent-seeking behavior results in

Accepted Answer

A)  increased economic activity by promoting efficiency. 
B)  lower economic activity by diverting resource to less-productive uses. 
C)  a more equitable distribution of income and wealth. 
D)  lower prices throughout the economy. 
E)  greater income and wealth in the private sector. 
A)  increased economic activity by promoting efficiency. 
B)  lower economic activity by diverting resource to less-productive uses. 
C)  a more equitable distribution of income and wealth. 
D)  lower prices throughout the economy. 
E)  greater income and wealth in the private sector. B

Question 2

Pharmaceutical companies receive patents as an exclusive right to produce a drug. This results in

Accepted Answer

A)  normal profits on the patented drug. 
B)  monopoly status in the production of the drug. 
C)  lower prices for patients requiring the drug. 
D)  orphan drug status. 
E)  fewer new chemical compounds discovered. 
A)  normal profits on the patented drug. 
B)  monopoly status in the production of the drug. 
C)  lower prices for patients requiring the drug. 
D)  orphan drug status. 
E)  fewer new chemical compounds discovered. B

Question 3

Of the new drugs introduced in the United States between 1940 and 1990, what percentage were discovered by U.S. firms?

Accepted Answer

A)  15. 
B)  30. 
C)  45. 
D)  60. 
E)  75. 
A)  15. 
B)  30. 
C)  45. 
D)  60. 
E)  75. D

Question 4

The regulatory agency with oversight responsibility for the pharmaceutical industry is the

Accepted Answer

A)  IRS. 
B)  FDA. 
C)  SEC. 
D)  ITC. 
E)  ATT. 
A)  IRS. 
B)  FDA. 
C)  SEC. 
D)  ITC. 
E)  ATT.

Question 5

The fastest-growing segment of pharmaceutical marketing is:

Accepted Answer

A)  marketing to physicians 
B)  marketing to nurse practitioners 
C)  marketing to the consumer 
D)  none of these 
A)  marketing to physicians 
B)  marketing to nurse practitioners 
C)  marketing to the consumer 
D)  none of these

Question 6

What is the most important factor leading to rising health care costs in the United States since 1980?

Accepted Answer

A)  The increased use of expensive medical technology. 
B)  The aging U.S. population. 
C)  The increased cost of malpractice insurance for providers. 
D)  Rising incomes for physicians. 
E)  The rising cost of pharmaceutical drugs. 
A)  The increased use of expensive medical technology. 
B)  The aging U.S. population. 
C)  The increased cost of malpractice insurance for providers. 
D)  Rising incomes for physicians. 
E)  The rising cost of pharmaceutical drugs.

Question 7

One of the primary reasons that costly technology is being introduced into the health care system is

Accepted Answer

A)  research scientists have successfully mapped the human genome. 
B)  high cost is synonymous with better outcomes. 
C)  third-party insurance finances most of the cost of care. 
D)  all of the above. 
A)  research scientists have successfully mapped the human genome. 
B)  high cost is synonymous with better outcomes. 
C)  third-party insurance finances most of the cost of care. 
D)  all of the above.

Rent-seeking behavior results in

Pharmaceutical companies receive patents as an exclusive right to produce a drug. This results in

Of the new drugs introduced in the United States between 1940 and 1990, what percentage were discovered by U.S. firms?

The regulatory agency with oversight responsibility for the pharmaceutical industry is the

The fastest-growing segment of pharmaceutical marketing is:

What is the most important factor leading to rising health care costs in the United States since 1980?

One of the primary reasons that costly technology is being introduced into the health care system is

US Medical Care: an Uncertain Future

Using Economics to Study Health Care Issues

Analyzing Medical Care Markets

Economic Evaluation in Health Care

The Demand for Health and Medical Care

Population Health

The Market for Health Insurance

Managed Care

The Physicians Services Market

The Hospital Services Market

Medicare

Medicaid

Medical Care Systems Worldwide

Filters

Exam 11: The Market for Pharmaceuticals

Rent-seeking behavior results in

Pharmaceutical companies receive patents as an exclusive right to produce a drug. This results in

Of the new drugs introduced in the United States between 1940 and 1990, what percentage were discovered by U.S. firms?

The regulatory agency with oversight responsibility for the pharmaceutical industry is the

The fastest-growing segment of pharmaceutical marketing is:

What is the most important factor leading to rising health care costs in the United States since 1980?

One of the primary reasons that costly technology is being introduced into the health care system is

US Medical Care: an Uncertain Future

Using Economics to Study Health Care Issues

Analyzing Medical Care Markets

Economic Evaluation in Health Care

The Demand for Health and Medical Care

Population Health

The Market for Health Insurance

Managed Care

The Physicians Services Market

The Hospital Services Market

Medicare

Medicaid

Medical Care Systems Worldwide

Filters