Question 1

Which one is in the correct order?

Accepted Answer

A) The demand for treatment → demand for institutions → demand for manpower 
B) The demand for manpower demand for treatment → demand for institutions 
C) Demand for institutions → demand for manpower→ demand for treatment 
D) The demand for treatment → demand for manpower → demand for institutions 
A) The demand for treatment → demand for institutions → demand for manpower 
B) The demand for manpower demand for treatment → demand for institutions 
C) Demand for institutions → demand for manpower→ demand for treatment 
D) The demand for treatment → demand for manpower → demand for institutions A

Question 2

An increase in the demand for medical schools will

Accepted Answer

A) Increase the price of medical service 
B) Increase the quantity of medical services 
C) Both a and b 
D) Neither a nor b 
A) Increase the price of medical service 
B) Increase the quantity of medical services 
C) Both a and b 
D) Neither a nor b B

Question 3

The Balance Budget Act of 1997 for Medicare and Medicaid reduced the amount of funds residency programs could receive for instructing physicians in training.This has led to

Accepted Answer

A) A decrease in the supply of new physicians 
B) An increase in the wages of current physicians 
C) An increase in treatment prices 
D) All of the above 
E) None of the above 
A) A decrease in the supply of new physicians 
B) An increase in the wages of current physicians 
C) An increase in treatment prices 
D) All of the above 
E) None of the above D

Question 4

Currently,the federal government subsidizes medical education in the form of reimbursement for direct medical education (DME)and indirect medical education (IME)expenditures.These expenditures are reimbursed via Medicaid and Medicare.How would the three markets react to an elimination of this federal subsidy?

Accepted Answer

An elimination of this federal subsidy w

Question 5

A subsidy for home care services will

Accepted Answer

A) Increase the supply of home care nurses 
B) Increase the supply of hospital nurses 
C) Increase the demand for home care nurses 
D) Increase the demand for hospital nurses 
A) Increase the supply of home care nurses 
B) Increase the supply of hospital nurses 
C) Increase the demand for home care nurses 
D) Increase the demand for hospital nurses

Question 6

If the government would like to expand access to care,is it better to use a demand policy or a supply policy? Pay particular attention to the elasticity of each curve.

Accepted Answer

If the supply function is relatively ine

Question 7

If nurses and physicians are substitutes in the hospital production function,then an increase in the tuition to nursing school will

Accepted Answer

A) Increase the quantity demanded for both nurses and physicians. 
B) Decrease the quantity demanded for both nurses and physicians. 
C) Increase the quantity demanded for nurses,but decrease the demand for physicians. 
D) Decrease the quantity demanded for nurses,but increase the demand for physicians. 
A) Increase the quantity demanded for both nurses and physicians. 
B) Decrease the quantity demanded for both nurses and physicians. 
C) Increase the quantity demanded for nurses,but decrease the demand for physicians. 
D) Decrease the quantity demanded for nurses,but increase the demand for physicians.

Question 8

As the average age in the population increases,the demand for hospitals will __________ and the demand for nursing homes will ___________ .

Accepted Answer

A) Increase;increase 
B) Increase;decrease 
C) Decrease;decrease 
D) Decrease;increase 
A) Increase;increase 
B) Increase;decrease 
C) Decrease;decrease 
D) Decrease;increase

Question 9

Suppose the state legislature passes a state mandate on mammography exams.Which of the following will occur?

Accepted Answer

A) The price of mammography exams will increase. 
B) The wages of registered radiologic technologists will increase. 
C) Both a and b. 
D) Neither a nor b. 
A) The price of mammography exams will increase. 
B) The wages of registered radiologic technologists will increase. 
C) Both a and b. 
D) Neither a nor b.

Question 10

A decrease in the demand for physical therapy will lead to

Accepted Answer

A) A decrease in the wages of physical therapists 
B) A decrease in the number of physical therapist students 
C) A decrease in the price for physical therapy 
D) All of the above 
E) None of the above 
A) A decrease in the wages of physical therapists 
B) A decrease in the number of physical therapist students 
C) A decrease in the price for physical therapy 
D) All of the above 
E) None of the above

Question 11

Explain the role of health insurance to expand access to care.Pay particular attention to the effect of health insurance on the elasticity of demand.

Accepted Answer

As health insurance plans become more ge

Question 12

Consider an increase in the demand for dentures.As the supply curve becomes _____ elastic,the change in quantity supplied becomes_______.

Accepted Answer

A) More;smaller 
B) More;larger 
C) Less;larger 
D) None of the above 
A) More;smaller 
B) More;larger 
C) Less;larger 
D) None of the above

Question 13

If nurses and physicians are complements in the hospital production function,then an increase in the tuition to nursing school will

Accepted Answer

A) Increase the quantity demanded for both nurses and physicians. 
B) Decrease the quantity demanded for both nurses and physicians. 
C) Increases the quantity demanded for nurses,but decreases the demand for physicians. 
D) Decreases the quantity demanded for nurses,but increases the demand for physicians. 
A) Increase the quantity demanded for both nurses and physicians. 
B) Decrease the quantity demanded for both nurses and physicians. 
C) Increases the quantity demanded for nurses,but decreases the demand for physicians. 
D) Decreases the quantity demanded for nurses,but increases the demand for physicians.

Question 14

If wages for licensed practical nurses (LPNs)increase

Accepted Answer

A) The demand for LPNs increases 
B) The demand for registered nurses increases 
C) Both a and b 
D) Neither a nor b 
A) The demand for LPNs increases 
B) The demand for registered nurses increases 
C) Both a and b 
D) Neither a nor b

Question 15

Which type of market is not present in the medical care sector?

Accepted Answer

A) Institutional 
B) Management 
C) Manpower 
D) Educational 
A) Institutional 
B) Management 
C) Manpower 
D) Educational

Question 16

In an effort to control the size of hospitals,the government imposes a legal limit on the number of hospital beds that may be active.This policy will cause some hospitals to reduce the number of beds available.Explain how this policy change affects the three markets in the medical sector.

Accepted Answer

Typically,hospital beds are a complement

Question 17

The Balance Budget Act of 1997 for Medicare and Medicaid decreased the reimbursement rate for hospitals by the number of beds they had available.Hospitals responded by

Accepted Answer

A) Expanding the number of beds 
B) Increasing their demand for input 
C) Both a and b 
D) Neither a nor b 
A) Expanding the number of beds 
B) Increasing their demand for input 
C) Both a and b 
D) Neither a nor b

Question 18

What are the prices and quantities in each of the three markets of the medical sector?

Accepted Answer

In the institutional market,the price is

Question 19

If the supply function in the medical sector is relatively inelastic,then a rightward shift in demand will cause

Accepted Answer

A) Price to increase faster than quantity increases 
B) Price to decrease faster than quantity increases 
C) Price to increase slower than quantity increases 
D) Price to decrease slower than quantity increases 
A) Price to increase faster than quantity increases 
B) Price to decrease faster than quantity increases 
C) Price to increase slower than quantity increases 
D) Price to decrease slower than quantity increases

Question 20

If the supply function in the medical sector is relatively elastic,then a rightward shift in demand will cause

Accepted Answer

A) Price to increase faster than quantity increases 
B) Price to decrease faster than quantity increases 
C) Price to increase slower than quantity increases 
D) Price to decrease slower than quantity increases 
A) Price to increase faster than quantity increases 
B) Price to decrease faster than quantity increases 
C) Price to increase slower than quantity increases 
D) Price to decrease slower than quantity increases

Which one is in the correct order?

An increase in the demand for medical schools will

The Balance Budget Act of 1997 for Medicare and Medicaid reduced the amount of funds residency programs could receive for instructing physicians in training.This has led to

A subsidy for home care services will

If the government would like to expand access to care,is it better to use a demand policy or a supply policy? Pay particular attention to the elasticity of each curve.

If nurses and physicians are substitutes in the hospital production function,then an increase in the tuition to nursing school will

As the average age in the population increases,the demand for hospitals will and the demand for nursing homes will _ .

Suppose the state legislature passes a state mandate on mammography exams.Which of the following will occur?

A decrease in the demand for physical therapy will lead to

Explain the role of health insurance to expand access to care.Pay particular attention to the effect of health insurance on the elasticity of demand.

Consider an increase in the demand for dentures.As the supply curve becomes _ elastic,the change in quantity supplied becomes___.

If nurses and physicians are complements in the hospital production function,then an increase in the tuition to nursing school will

If wages for licensed practical nurses (LPNs)increase

Which type of market is not present in the medical care sector?

In an effort to control the size of hospitals,the government imposes a legal limit on the number of hospital beds that may be active.This policy will cause some hospitals to reduce the number of beds available.Explain how this policy change affects the three markets in the medical sector.

The Balance Budget Act of 1997 for Medicare and Medicaid decreased the reimbursement rate for hospitals by the number of beds they had available.Hospitals responded by

What are the prices and quantities in each of the three markets of the medical sector?

If the supply function in the medical sector is relatively inelastic,then a rightward shift in demand will cause

If the supply function in the medical sector is relatively elastic,then a rightward shift in demand will cause

An Introduction to the Economics of Medical Care

The Role of Government in Health and Medical Care

Health Policy and the Legislative Marketplace

The Production of Health: the Impact of Medical Services on Health

The Demand for Medical Care

The Demand for Health Insurance

The Supply of Medical Care: an Overview

Market Competition in Medical Care

The Market for Health Insurance: Its Performance and Structure

The Physician Services Market

The Market for Hospital Services

The Pharmaceutical Industry

Health Manpower Shortages and Surpluses: Definitions, measurement, and Policies

The Market for Physician Manpower

The Market for Medical Education: Equity and Efficiency

The Market for Registered Nurses

National Health Insurance: an Approach to the Redistribution of Medical Care

Filters

Exam 5: An Overview of the Medical Care Sector

Which one is in the correct order?

An increase in the demand for medical schools will

The Balance Budget Act of 1997 for Medicare and Medicaid reduced the amount of funds residency programs could receive for instructing physicians in training.This has led to

A subsidy for home care services will

If the government would like to expand access to care,is it better to use a demand policy or a supply policy? Pay particular attention to the elasticity of each curve.

If nurses and physicians are substitutes in the hospital production function,then an increase in the tuition to nursing school will

As the average age in the population increases,the demand for hospitals will __________ and the demand for nursing homes will ___________ .

Suppose the state legislature passes a state mandate on mammography exams.Which of the following will occur?

A decrease in the demand for physical therapy will lead to

Explain the role of health insurance to expand access to care.Pay particular attention to the effect of health insurance on the elasticity of demand.

Consider an increase in the demand for dentures.As the supply curve becomes _____ elastic,the change in quantity supplied becomes_______.

If nurses and physicians are complements in the hospital production function,then an increase in the tuition to nursing school will

If wages for licensed practical nurses (LPNs)increase

Which type of market is not present in the medical care sector?

In an effort to control the size of hospitals,the government imposes a legal limit on the number of hospital beds that may be active.This policy will cause some hospitals to reduce the number of beds available.Explain how this policy change affects the three markets in the medical sector.

The Balance Budget Act of 1997 for Medicare and Medicaid decreased the reimbursement rate for hospitals by the number of beds they had available.Hospitals responded by

What are the prices and quantities in each of the three markets of the medical sector?

If the supply function in the medical sector is relatively inelastic,then a rightward shift in demand will cause

If the supply function in the medical sector is relatively elastic,then a rightward shift in demand will cause

An Introduction to the Economics of Medical Care

The Role of Government in Health and Medical Care

Health Policy and the Legislative Marketplace

The Production of Health: the Impact of Medical Services on Health

The Demand for Medical Care

The Demand for Health Insurance

The Supply of Medical Care: an Overview

Market Competition in Medical Care

The Market for Health Insurance: Its Performance and Structure

The Physician Services Market

The Market for Hospital Services

The Pharmaceutical Industry

Health Manpower Shortages and Surpluses: Definitions, measurement, and Policies

The Market for Physician Manpower

The Market for Medical Education: Equity and Efficiency

The Market for Registered Nurses

National Health Insurance: an Approach to the Redistribution of Medical Care

Filters

As the average age in the population increases,the demand for hospitals will and the demand for nursing homes will _ .

Consider an increase in the demand for dentures.As the supply curve becomes _ elastic,the change in quantity supplied becomes___.