Question 1

When people behave in ways that involve increased risk because they have insurance,this is known as

Accepted Answer

A)  adverse selection. 
B)  moral hazard. 
C)  asymmetric information. 
D)  a HMO. 
A)  adverse selection. 
B)  moral hazard. 
C)  asymmetric information. 
D)  a HMO.

Question 2

The government can address __________ by providing universal health insurance coverage and charging uniform premiums.

Accepted Answer

A)  expected utility 
B)  asymmetric information 
C)  commodity egalitarianism 
D)  adverse selection 
A)  expected utility 
B)  asymmetric information 
C)  commodity egalitarianism 
D)  adverse selection

Question 3

President Obama has suggested some form or universal health coverage for all Americans.How do you feel about this?

Accepted Answer

Answers will vary with some saying that

Question 4

Health care markets may be inefficient because of

Accepted Answer

A)  poor information. 
B)  adverse selection. 
C)  moral hazard. 
D)  all of these answer options are correct. 
A)  poor information. 
B)  adverse selection. 
C)  moral hazard. 
D)  all of these answer options are correct.

Question 5

Health care costs have been increasing dramatically in the U.S.

Accepted Answer

A)  True 
B)  False 
C)  Uncertain 
A)  True 
B)  False 
C)  Uncertain

Question 6

Which country had the highest per capita expenditures on health care in 2009?

Accepted Answer

A)  Australia 
B)  Japan 
C)  Norway 
D)  United States 
A)  Australia 
B)  Japan 
C)  Norway 
D)  United States

Question 7

A co-payment and coinsurance are the same thing.

Accepted Answer

A)  True 
B)  False 
C)  Uncertain 
A)  True 
B)  False 
C)  Uncertain

Question 8

Suppose that the demand for medical services can be characterized by the equation P = 100 - Q.Suppose further that the supply of health services can be characterized by the equation P = Q + 50.
(a)What is the equilibrium quantity and price in the market for health services?
(b)In an effort to make health services more affordable,the government restricts the price of health services to be no greater than $65.What will happen to the quantity of health services in the market?

Accepted Answer

(a)Set 50 + Q = 100 - Q to get

Question 9

Since nearly a third of all people between the ages of 18 and 24 are uninsured,does it make sense to impose a surcharge for medical services to this cohort?

Accepted Answer

It does not make sense to have a medical

Question 10

Which one of these conditions is not a part of asymmetric information?

Accepted Answer

A)  parties are engaged in and economic transaction. 
B)  information is not uniform. 
C)  the government usually intercedes to fix the problem. 
D)  all of these answer options are correct. 
A)  parties are engaged in and economic transaction. 
B)  information is not uniform. 
C)  the government usually intercedes to fix the problem. 
D)  all of these answer options are correct.

Question 11

At any given time in the U.S.,16 percent of the population lacks health insurance.

Accepted Answer

A)  True 
B)  False 
C)  Uncertain 
A)  True 
B)  False 
C)  Uncertain

Question 12

In the figure below,$40,000 for certain is as desirable as $47,000 with risk.

Accepted Answer

A)  True 
B)  False 
C)  Uncertain 
A)  True 
B)  False 
C)  Uncertain

When people behave in ways that involve increased risk because they have insurance,this is known as

The government can address __________ by providing universal health insurance coverage and charging uniform premiums.

President Obama has suggested some form or universal health coverage for all Americans.How do you feel about this?

Health care markets may be inefficient because of

Health care costs have been increasing dramatically in the U.S.

Which country had the highest per capita expenditures on health care in 2009?

A co-payment and coinsurance are the same thing.

Since nearly a third of all people between the ages of 18 and 24 are uninsured,does it make sense to impose a surcharge for medical services to this cohort?

Which one of these conditions is not a part of asymmetric information?

At any given time in the U.S.,16 percent of the population lacks health insurance.

In the figure below,$40,000 for certain is as desirable as $47,000 with risk.

Introduction

Tools of Positive Analysis

Tools of Normative Analysis

Public Goods

Externalities

Political Economy

Education

Cost-Benefit Analysis

Government and the Market for Health Care

Social Security

Income Redistribution: Conceptual Issues

Expenditure Programs for the Poor

Taxation and Income Distribution

Taxation and Efficiency

Efficient and Equitable Taxation

The Personal Income Tax

Personal Taxation and Behavior

The Corporation Tax

Deficit Finance

Fundamental Tax Reform: Taxes on Consumption and Wealth

Public Finance in a Federal System

Filters

Exam 9: The Health Care Market

When people behave in ways that involve increased risk because they have insurance,this is known as

The government can address __________ by providing universal health insurance coverage and charging uniform premiums.

President Obama has suggested some form or universal health coverage for all Americans.How do you feel about this?

Health care markets may be inefficient because of

Health care costs have been increasing dramatically in the U.S.

Which country had the highest per capita expenditures on health care in 2009?

A co-payment and coinsurance are the same thing.

Since nearly a third of all people between the ages of 18 and 24 are uninsured,does it make sense to impose a surcharge for medical services to this cohort?

Which one of these conditions is not a part of asymmetric information?

At any given time in the U.S.,16 percent of the population lacks health insurance.

In the figure below,$40,000 for certain is as desirable as $47,000 with risk.

Introduction

Tools of Positive Analysis

Tools of Normative Analysis

Public Goods

Externalities

Political Economy

Education

Cost-Benefit Analysis

Government and the Market for Health Care

Social Security

Income Redistribution: Conceptual Issues

Expenditure Programs for the Poor

Taxation and Income Distribution

Taxation and Efficiency

Efficient and Equitable Taxation

The Personal Income Tax

Personal Taxation and Behavior

The Corporation Tax

Deficit Finance

Fundamental Tax Reform: Taxes on Consumption and Wealth

Public Finance in a Federal System

Filters