Question 1

On average,people in low-income countries ________ than people in high-income countries.

Accepted Answer

A)  have a longer life expectancy 
B)  are subject to a lower infant mortality rate 
C)  are shorter 
D)  are exposed to fewer severe diseases 
A)  have a longer life expectancy 
B)  are subject to a lower infant mortality rate 
C)  are shorter 
D)  are exposed to fewer severe diseases

Question 2

Changes in the health of the average person are relatively unimportant as an indicator of changes in the standard of living.

Accepted Answer

A) True 
 B)False

Question 3

The overall mortality rate in the United States has declined for the past 30 years.

Accepted Answer

A) True 
 B)False

Question 4

How might a company that offers to handle all paperwork involved with a health insurance claim for a flat fee face the problem of adverse selection?

Accepted Answer

Adverse selection is the situation in wh

Question 5

Of the following high-income countries,which has the highest mortality ratio for cancer?

Accepted Answer

A)  Canada 
B)  Japan 
C)  the United Kingdom 
D)  the United States 
A)  Canada 
B)  Japan 
C)  the United Kingdom 
D)  the United States

Question 6

All of the following are ways in which health insurance companies can potentially reduce adverse selection except

Accepted Answer

A)  by insuring only large groups of people. 
B)  by lowering the co-payments and deductibles on the policies they issue. 
C)  by refusing to insure some applicants, for example based on prior health conditions. 
D)  by finding out as much information about a person applying for insurance, for example requiring a medical examination. 
A)  by insuring only large groups of people. 
B)  by lowering the co-payments and deductibles on the policies they issue. 
C)  by refusing to insure some applicants, for example based on prior health conditions. 
D)  by finding out as much information about a person applying for insurance, for example requiring a medical examination.

Question 7

In the United States from 1981 to 2009,deaths from which of the following increased?

Accepted Answer

A)  cancer 
B)  kidney disease 
C)  heart attacks 
D)  strokes 
A)  cancer 
B)  kidney disease 
C)  heart attacks 
D)  strokes

Question 8

Economists who support market-based reforms for health care believe that increased competition among providers of health care would

Accepted Answer

A)  decrease costs but decrease economic efficiency. 
B)  decrease costs and increase economic efficiency. 
C)  increase costs but increase economic efficiency. 
D)  increase costs and decrease economic efficiency. 
A)  decrease costs but decrease economic efficiency. 
B)  decrease costs and increase economic efficiency. 
C)  increase costs but increase economic efficiency. 
D)  increase costs and decrease economic efficiency.

Question 9

The Patient Protection and Affordable Care Act (PPACA)is scheduled ________,at which point more than 30 million additional individuals are expected to have health care coverage.

Accepted Answer

A)  to be phased in over the next 20 years 
B)  to be fully implemented by 2019 
C)  to be phased out by 2015 
D)  to be completely in place by 2012 
A)  to be phased in over the next 20 years 
B)  to be fully implemented by 2019 
C)  to be phased out by 2015 
D)  to be completely in place by 2012

Question 10

The number of people receiving Medicare is expected to grow to 80 million by the year

Accepted Answer

A)  2105. 
B)  2020. 
C)  2030. 
D)  2075. 
A)  2105. 
B)  2020. 
C)  2030. 
D)  2075.

Question 11

Under the Patient Protection and Affordable Care Act (PPACA),individuals who do not have health insurance will be subject to a fine.

Accepted Answer

A) True 
 B)False

Question 12

Health care is generally considered a normal good.Briefly explain what you would expect to see happen to spending on health care over time,with health care being considered as a normal good.

Accepted Answer

With a normal good,as income i

Question 13

In 2011,the average height of adult males in the United States was

Accepted Answer

A)  5' 7." 
B)  5' 9." 
C)  6' 0." 
D)  6' 4." 
A)  5' 7." 
B)  5' 9." 
C)  6' 0." 
D)  6' 4."

Question 14

Under the Patient Protection and Affordable Care Act (PPACA),every company with more than 200 employees must offer health insurance to its employees and must automatically enroll them in the plan.

Accepted Answer

A) True 
 B)False

Question 15

What is asymmetric information?

Accepted Answer

Asymmetric information occurs

Question 16

In the United States in 2009,over 50 percent of people without health insurance were below the age of 34.

Accepted Answer

A) True 
 B)False

Question 17

The largest government-run health care system in the world,with 1.7 million employees,is the National Health Service (NHS)in the United Kingdom.The NHS receives its funding primarily from

Accepted Answer

A)  tariffs. 
B)  the World Health Organization. 
C)  income taxes. 
D)  private businesses. 
A)  tariffs. 
B)  the World Health Organization. 
C)  income taxes. 
D)  private businesses.

Question 18

On average,people in the United States spend a smaller percentage of their income on health care than do people in most other countries.

Accepted Answer

A) True 
 B)False

Question 19

A majority of people in the United States do not have private health insurance.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is an example of adverse selection?

Accepted Answer

A)  The odds of a fire rise after a building is insured because the person with fire insurance is likely to pay less attention to fire hazards. 
B)  Someone who did not install fire alarms and a sprinkler system in a building he owns buys insurance for the building. 
C)  Someone with automobile insurance drives more recklessly than someone without insurance. 
D)  People prefer to buy new cars rather than used cars. 
A)  The odds of a fire rise after a building is insured because the person with fire insurance is likely to pay less attention to fire hazards. 
B)  Someone who did not install fire alarms and a sprinkler system in a building he owns buys insurance for the building. 
C)  Someone with automobile insurance drives more recklessly than someone without insurance. 
D)  People prefer to buy new cars rather than used cars.

On average,people in low-income countries ________ than people in high-income countries.

Changes in the health of the average person are relatively unimportant as an indicator of changes in the standard of living.

The overall mortality rate in the United States has declined for the past 30 years.

How might a company that offers to handle all paperwork involved with a health insurance claim for a flat fee face the problem of adverse selection?

Of the following high-income countries,which has the highest mortality ratio for cancer?

All of the following are ways in which health insurance companies can potentially reduce adverse selection except

In the United States from 1981 to 2009,deaths from which of the following increased?

Economists who support market-based reforms for health care believe that increased competition among providers of health care would

The Patient Protection and Affordable Care Act (PPACA)is scheduled ________,at which point more than 30 million additional individuals are expected to have health care coverage.

The number of people receiving Medicare is expected to grow to 80 million by the year

Under the Patient Protection and Affordable Care Act (PPACA),individuals who do not have health insurance will be subject to a fine.

Health care is generally considered a normal good.Briefly explain what you would expect to see happen to spending on health care over time,with health care being considered as a normal good.

In 2011,the average height of adult males in the United States was

Under the Patient Protection and Affordable Care Act (PPACA),every company with more than 200 employees must offer health insurance to its employees and must automatically enroll them in the plan.

What is asymmetric information?

In the United States in 2009,over 50 percent of people without health insurance were below the age of 34.

The largest government-run health care system in the world,with 1.7 million employees,is the National Health Service (NHS)in the United Kingdom.The NHS receives its funding primarily from

On average,people in the United States spend a smaller percentage of their income on health care than do people in most other countries.

A majority of people in the United States do not have private health insurance.

Which of the following is an example of adverse selection?

Economics: Foundations and Models

Trade-Offs, comparative Advantage, and the Market System

Where Prices Come From: the Interaction of Demand and Supply

Economic Efficiency, government Price Setting, and Taxes

Firms, the Stock Market, and Corporate Governance

Comparative Advantage and the Gains From International Trade

Gdp: Measuring Total Production and Income

Unemployment and Inflation

Economic Growth, the Financial System, and Business Cycles

Long-Run Economic Growth: Sources and Policies

Aggregate Expenditure and Output in the Short Run

Aggregate Demand and Aggregate Supply Analysis

Money, banks, and the Federal Reserve System

Monetary Policy

Fiscal Policy

Inflation, unemployment, and Federal Reserve Policy

Macroeconomics in an Open Economy

The International Financial System

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Exam 5: The Economics of Health Care

On average,people in low-income countries ________ than people in high-income countries.

Changes in the health of the average person are relatively unimportant as an indicator of changes in the standard of living.

The overall mortality rate in the United States has declined for the past 30 years.

How might a company that offers to handle all paperwork involved with a health insurance claim for a flat fee face the problem of adverse selection?

Of the following high-income countries,which has the highest mortality ratio for cancer?

All of the following are ways in which health insurance companies can potentially reduce adverse selection except

In the United States from 1981 to 2009,deaths from which of the following increased?

Economists who support market-based reforms for health care believe that increased competition among providers of health care would

The Patient Protection and Affordable Care Act (PPACA)is scheduled ________,at which point more than 30 million additional individuals are expected to have health care coverage.

The number of people receiving Medicare is expected to grow to 80 million by the year

Under the Patient Protection and Affordable Care Act (PPACA),individuals who do not have health insurance will be subject to a fine.

Health care is generally considered a normal good.Briefly explain what you would expect to see happen to spending on health care over time,with health care being considered as a normal good.

In 2011,the average height of adult males in the United States was

Under the Patient Protection and Affordable Care Act (PPACA),every company with more than 200 employees must offer health insurance to its employees and must automatically enroll them in the plan.

What is asymmetric information?

In the United States in 2009,over 50 percent of people without health insurance were below the age of 34.

The largest government-run health care system in the world,with 1.7 million employees,is the National Health Service (NHS)in the United Kingdom.The NHS receives its funding primarily from

On average,people in the United States spend a smaller percentage of their income on health care than do people in most other countries.

A majority of people in the United States do not have private health insurance.

Which of the following is an example of adverse selection?

Economics: Foundations and Models

Trade-Offs, comparative Advantage, and the Market System

Where Prices Come From: the Interaction of Demand and Supply

Economic Efficiency, government Price Setting, and Taxes

Firms, the Stock Market, and Corporate Governance

Comparative Advantage and the Gains From International Trade

Gdp: Measuring Total Production and Income

Unemployment and Inflation

Economic Growth, the Financial System, and Business Cycles

Long-Run Economic Growth: Sources and Policies

Aggregate Expenditure and Output in the Short Run

Aggregate Demand and Aggregate Supply Analysis

Money, banks, and the Federal Reserve System

Monetary Policy

Fiscal Policy

Inflation, unemployment, and Federal Reserve Policy

Macroeconomics in an Open Economy

The International Financial System

Filters