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| 1 | |
In the long run, higher costs of employer-provided private health insurance: |
| | A) | reduce the growth of both wages and total compensation of workers |
| | B) | reduce the growth of wages but not total compensation of workers |
| | C) | reduce business profits, but not total compensation of workers |
| | D) | reduce business profits and total compensation of workers |
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| 2 | |
The U.S. health care market is characterized by all of the following, except: |
| | A) | asymmetric information between patients and physicians |
| | B) | price-elastic demand for health care services |
| | C) | price distortions created by third-party payment systems |
| | D) | positive externalities |
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| 3 | |
The "play or pay" health care reform concept has been criticized because it would likely: |
| | A) | reduce the incentive for firms to provide basic health insurance |
| | B) | increase the waiting time to receive certain medical treatments and tests |
| | C) | reduce the growth of wages and increase unemployment |
| | D) | reduce overall quality of care |
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| 4 | |
An increase in the price of health care services will: |
| | A) | increase spending on health care because demand is price inelastic |
| | B) | increase spending on health care because demand is price elastic |
| | C) | increase spending on health care because demand is income elastic |
| | D) | decrease spending on health care because supply is price elastic |
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| 5 | |
Which of the following is a common element of health maintenance organizations, preferred provider organizations, and Medicare's diagnosis-related-group system? All of them: |
| | A) | restrict a consumer's choice of physician |
| | B) | provide prescription drug benefits |
| | C) | compensate physicians on a fee-for-service basis |
| | D) | create incentives for health providers to contain costs |
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| 6 | |
Critics argue that a system of national health insurance would: |
| | A) | increase the number of doctors beyond the point of MB = MC |
| | B) | reduce or remove a consumer's right to choose a physician |
| | C) | increase government ownership of hospitals, clinics, and nursing homes, thereby raising their cost |
| | D) | increase the waiting time for many medical services and procedures |
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| 7 | |
A system of national health insurance would likely do all the following except: |
| | A) | retain the right of consumers to choose their own physicians |
| | B) | encourage the hiring of part-time and temporary employees as a way to avoid costs |
| | C) | increase waiting time for certain medical procedures |
| | D) | increase government bureaucracy |
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| 8 | |
By lowering the consumer's perceived price of a particular medical procedure, the effect of medical insurance is to: |
| | A) | shift the demand curve for the procedure to the left |
| | B) | reduce the total number of the procedures provided |
| | C) | move downward and to the right along the demand curve for the procedure |
| | D) | move downward and to the left along the supply curve for the procedure |
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| 9 | |
In 2004, approximately 16% of the U.S. population was without medical insurance for the entire year. |
| | A) | True |
| | B) | False |
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| 10 | |
As a percentage of GDP, medical spending is approximately: |
| | A) | 16% and rising |
| | B) | 8% and rising |
| | C) | 12% and falling |
| | D) | 18% and falling |
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