Exam 31: Aging, Social Security and Health Care

The ratio of the number of people in the population aged 65 and older to the number of people aged 20 to 64 has risen in most of the developed countries as:

Government restrictions prevent the market from allocating resources to where they have the highest value.

The existence of new drugs reduces the demand for drugs as they are highly expensive.

The social security system in the United States, which covers both social security and hospital insurance is financed by a:

As per the payment system laid down by the American Medical Association the physicians are reimbursed on the basis of their speciality.

The figure given below represents demand for and supply of hospital beds in Anytown, U.S.A. , as shown by curves D and S₁ in the following figure.If the hospital receives permission to expand, its new supply curve will be S₂.Price level P₁ is the fixed prospective payment reimbursement rate paid by Medicare to the hospital, regardless of actual cost. Figure 18.3 Based on the information given in Figure 18.3, in order to increase its occupancy rate prior to the expansion, this hospital should:

The following figure shows the demand (D)and supply (S)curves of human organs Figure 18.5 Which of the following factors might have led to a fall in the price of human organs from P₂ to P₃ in Figure 18.5?

The high cost of hospital care in the U.S.is primarily attributable to:

Why are black markets for human organs less efficient than free markets?

Which of the following is the most controversial proposal suggested for making the system of social security more efficient?

The new technologies developed in the field of medical care are cost-increasing innovations and because costs are not paid by the users, the increased technology increases demand.

Medical care in the United States is not only expensive but also technologically backward than other nations.

_____ account for a majority of the health care expenditure in the United States.

One way in which the U.S.government can reduce the deficit in the social security fund is by lowering the social security tax rate.

People who oppose the establishment of an open market in human organs justify their view on the ground that:

Which of the following facts is true of medicare?

The figure below shows the demand (AD)and supply (SS₁)curves of medical care. Figure 18.4 In Figure 18.4, which of the following regions on the graph represents those people who are not willing and able to pay the price P₁ for availing medical care?

The American Medical Association encourages the young physicians to advertise to attract more patients.

Which of the following has resulted from the payment system laid down by the American Medical Association?

Which of the following is a joint federal and state health program that pays for the health care of poor families and disabled?