Midterm Quiz Essay

632 words - 3 pages

Multiple-Choice & True/False

30 Multiple-Choice and True/False questions. Please highlight the correct answer. Once completed submit it as an attachment to the Assignment Link:

1. The insight that both parties must be benefiting if they freely agreed to make a trade is known as the fundamental theorem of exchange. True

2. In a two-party transaction, consumers make up the demand side, while sellers make up the supply side. True

3. A recent study showed that 86% of those who filed for bankruptcy had health insurance. False

4. Demand is a professional determination of the quantity that should be supplied. False

5. To determine how many times an individual will visit the doctor, we look only at that individual’s behavior. This is an example of derived demand. False

6. Cost–benefit analysis (CBA) is a set of techniques for assisting in the making of decisions that translates all relevant concerns into market (dollar) terms. True

7. The appropriate measure ...view middle of the document...

People make medical decisions based solely on the type of insurance coverage they have. False

13. The Medicare RBRVS system was designed to rebalance physicians’ incomes across specialties and to provide more payment for thinking and caring. This system was completely successful. False

14. The income of physicians in solo or group private practices mostly comes from fee-for-service payments. True

15. To maximize revenues when providing different types of care, physicians should charge different prices even if their costs are the same for each service, and they should charge a lower price where demand is least price sensitive. False

16. In the United States, physicians not only prescribe drugs; they also sell medications. False

17. Payment systems such as insurance plans have transformed medical care into a
a. public good.

18. Demand curves are _downward_ sloping, because the quantity demanded will always fall as prices rise.
a. downward

19. Economists define derived demand as demand for a good due to its ________, rather than in itself.
b. use

20. ____________ is the increase in total costs caused by the production of one more unit.

d. Marginal cost

21. The _________ and __________ associated with a decision don’t have value in and of themselves; instead, their value depends on the alternatives.

b. costs, benefits

22. All of the following are types of medical costs except:
d. health and productivity.

23. The most common method of protection against the risk of large medical costs is:
a. insurance.

24. Health insurance became more of a necessity as medical care became more:
b. expensive.

25. Insurance breaks the linkage between what the _______ pays and the amount the provider is paid.
d. patient

26. HSA stands for:
a. health savings account.

27. Malpractice is physician failure to meet:
c. professional standards.

28. ____________ is an extension of the agency relationship between doctors and patients to society as a whole.
a. Licensure

29. One of the characteristics of medical markets first noted by economists was that _________ patients pay _____________ prices for the same service.
a. different; different

30. Surreptitious payments in order to obtain business are referred to as:
c. kickbacks.

Other Papers Like Midterm Quiz

Fina 3070 Essay

825 words - 4 pages The Chinese University of Hong Kong CUHK Business School FINA3070 Corporate Finance: Theory and Practice First Term 2014 – 2015 Name: Student ID: Lecture: FINA 3070A (Wed) / FINA 3070B (Tue) DO NOT TAKE AWAY Midterm Quiz (Two Hours Closed Book) 24 October 2014 (Friday), 6:45 pm – 8:45 pm Instructions: 1. Please answer all questions in the answer book. Any answers written on this question paper will not be graded. 2

Human Resources Management Essay

847 words - 4 pages Human Resources Management Midterm Exam: Training and Development Plan for the Holiday Inn Human Resources Management Training and Development Plan for the Holiday Inn There are a variety of employees who may come to work for Holiday Inn which are experienced and others whom are non-experienced. Some individuals require more training than others but everyone is

Anything Relevant

4105 words - 17 pages | | | |Midterm Examination: March 14th , 2016 (15.00 – 17.00) | |Final Examination: May 27th , 2016 (13.00 – 16.00) | |MARK ALLOCATIONS

Marketing Course Outline

4266 words - 18 pages  components) of at least  50;   attend at least 80% of all lectures and tutorials (as per university regulations) and actively  participate in tutorials;   perform satisfactorily in the assessment components, i.e., midterm, class participation,  and case presentation.   obtain at least 50% (i.e., 12.5 out of 25) in the major project component;  obtain at least 45% (i.e., 22.5 out of 50) in the Final Exam component. This is very  important: if you

English 111 Outline

4686 words - 19 pages cases, academic dishonesty may result in dismissal from the College. Academic dishonesty, as a general rule, involves one of the following acts: · cheating on an examination or quiz, including giving, receiving, or soliciting information and the unauthorized use of notes or other materials during the examination or quiz; · buying, selling, stealing, or soliciting any material purported to be the unreleased contents of a forthcoming examination

Freedom And Responsibility

2141 words - 9 pages Built within the Constitution of the United States are specifically defined freedoms that are guaranteed to all citizens. Conversely, with every constitutional freedom there comes a corresponding responsibility. On September 25, 1789, the state legislature’s twelve proposed amendments were transmitted by congress, the first two dealing with congressional representation and congressional pay. The following numbers three through twelve were

Hate Crime Laws

2348 words - 10 pages On June 7, 1998, 49-year-old James Byrd Jr. of Texas accepted a ride from three white men, who then beat him severely, urinated on him, chained him by his ankles to the back of their pick-up truck, dragged him for three miles into the countryside, and dumped his corpse in front of an African-American cemetery (Graczyk). A little over a year later, a jury sentenced ring leader John King to death by lethal injection (“Man Executed for Dragging

Rational Emotional Behavior Therapy Case Study Conceptualization And Treatment Plan

2140 words - 9 pages Rational Emotional Behavior Therapy Case Study of Sarah: A Conceptualization and Treatment Plan Rational emotive behavior therapy, REBT, was developed by Albert Ellis and holds the central belief that the events in our lives do not cause our disturbances but that they are instead caused by our view of the events (Murdock, 2009). Murdock (2009) states that “people are seen as responsible for their behavior” (p. 279) but, because they are

Holidays In Albania

1636 words - 7 pages Have you ever thought about having exciting and incredibly cheap vacations? Albania might be the right choice. According to My Travel Guide, Albania is ranked the fourth among ten places worth visiting in Eastern Europe (“Top 10 Eastern European Destinations”). One can encounter three kinds of vacations in this Mediterranean country: winter, summer, and cultural. The ideal places to spend your winter vacations are the Albanian Alps. They are

A Heart Of Darkness

1748 words - 7 pages In this short story, there are frequent significant subject and ideas that make the story, "A Heart of Darkness," by Joseph Conrad, and haunting novel. The main theme is absolute white power over the natives. The theme validates the corruption, and the dependence caused by the white people as they took over the Congo. White men were giving all the power; they had no self-control, and in the end they did not use wisely. The white men became

The Aspects Of Vulnerability Among The Exploited In Medical Research

2287 words - 10 pages Essentially, everyone is in some state of vulnerability. However, some of us are more susceptible to harm due to our vulnerabilities. The susceptible are the individuals with the greatest risk. These individuals risk the loss of their autonomy, and maybe even their lives. Vulnerable populations can be found in every subset of society. However, as previously mentioned, there are some vulnerable populations that are at an even greater risk than

Related Essays

Organization Behavior Midterm Quiz Essay

935 words - 4 pages Question 1 .4 out of 4 points Correct Which of the following is an enduring change of behavior that results from experience? Answer Selected Answer: Learning Correct Answer: Learning . Question 2 .0 out of 4 points Incorrect A manager who is using spreadsheet software to prepare a departmental budget is using which managerial skill according to Katz? Answer Selected Answer: Creative Correct Answer: Technical

Acct 504 Accounting And Finance Managerial Use And Analysis

1091 words - 5 pages Accounting Information System and Accrual Accounting Concepts What is the role of the accounting equation in the analysis of business transactions? ACCT 504 Week 3, Merchandising Operations and Inventory – Discussions Questions ACCT 504 Week 3, Case Study 1 Flower Landscaping Corporation – Discussions Questions ACCT 504 Week 4, Internal Control, Cash and Receivables – Discussion Questions ACCT 504 Week 4, Midterm Quiz ACCT 504

Fins2624 Course Essay

4870 words - 20 pages gauge your performance. • • • • 4 ASSESSMENT 4.1 Formal Requirements In order to pass this course, you must: • achieve a composite mark of at least 50; and • make a satisfactory attempt at all assessment tasks (see below). [FINS2624 – Portfolio Management] 4 4.2 Assessment Details Assessment Task Class participation Online Quiz Midterm Assignment Final Exam Weighting 5 11 37 10 37 Learning Outcomes assessed 1-9

Mat 540 Quiz 4 Essay

1901 words - 8 pages Strayer MAT 540 Week 6, Quiz 4 Page 1 of 3 Final Exam Guide less stress, more success Home EXAM Sign In Register Contact Us Quick Search EXAMS >> MAT 540 Week 6, Quiz 4 MAT 540 Week 6, Quiz 4 GO! Related Items MAT 540 Week 1, Quiz 1 MAT 540 Week 3, Quiz 2 MAT 540 Week 5, Quiz 3 MAT 540 Week 9, Quiz 5 $15.00 Be the first to write a review Advanced Search SUBJECTS Qty* ACC BCOM BIS BUS ECO ETH 316 FIN