Question 21 On a labor-leisure graph (with work time on the vertical and Z-time

Question

Question 21

On a labor-leisure graph (with work time on the vertical and Z-time on the horizontal), if a person gets very ill,

the labor-leisure line will shift to the left

the labor-leisure line will shift to the right

a higher indifference curve from the current one chosen will now be available

a lower indifference curve from the current one chosen will be available

a and d

2 points

Question 22

Given a point (point E) on the R-S graph, if r increases and q increases (and magnitude of r change is EQUAL TO the magnitude of the q change) then the new point will be ___________ of point E

parallel to the right

parallel to the left

directly below

directly above

Question 23

Treating a patient who goes into the emergency room in any hospital in the USA

is voluntary

is subjected to a random drawing to determine who will get treatment and who will not

is only encouraged but not required

a and c

none of the above

Question 24

What is the problem with doctors having reduced hours in the hospital?

there will be no negative repercussions only positive.

short hours cause fatigue and reduced levels of concentration

can lead to errors because of increased number of times of relaying of critical messages and patients' information required given the increased number of shifts that will now be needed.

can lead to more errors by interns as the supervising physicians cut short their hours of supervision. These errors may have been avoided if the supervising physician is able to follow the intern for longer periods and having actual historical knowledge of what the intern has already done for a given patient especially if some of these have not been documented or if there are documentation mistakes.

c and d

Question 25

What was revealed and/or IMPLIED by the Brigham and Woman's Harvard ICU findings?

longer hours by physicians cause more errors than short hours

serious errors that were intercepted by senior physicians

may not occur if these physicians had shorter hours

serious errors were not intercepted by senior physicians working long hours

a and b

none of the above

Question 26

If elasticity of demand for dental care is - 0.263 and elasticity of demand for outpatient care is – 0.19 then we can say that

dental care is more elastic than outpatient care

outpatient care is more elastic than dental care

dental care is more inelastic than outpatient care

b and c

none of the above

Question 27

Which of the following is consistent or implied by findings in studies on the subject matter?

decrease in number of patients -> poorer outcomes -> worse hospital reputation -> decrease in number of patients

increase in number of patients -> poorer outcomes -> better hospital reputation -> increase in number of patients

increase in number of patients -> better outcomes -> worse hospital reputation -> increase in number of patients

increase in number of patients -> better outcomes -> better hospital reputation -> decrease in number of patients

decrease in number of patients -> poorer outcomes -> worse hospital reputation -> increase in number of patients

Question 28

Which of the following is true?

european medical schools can only accept college graduates

a college degree is not a requirement to enter a medical school in the U.S.

the passing rate in a U.S. medical school is 70% and above

none of the above

Question 29

Which of the following is/are true?

there is no uncertainty in health care

recessions have significant impact in increasing Medicare enrollees

Since the 70s the share of Medicare as a% of total health expenditures has been increasing

all of the above

none of the abvoe

Question 30

Why is Medicare insulated from recessions?

because many members lose their jobs at this time

because many members are already retired when they become members

because they only want to receive welfare and are plotting to overthrow the government

all of the above

none of the above

Question 31

Full and unfair insurance implies:

q = (IH - IS)

r > pq

q > (IH - IS)

a and b

none of the abvoe

Question 32

Given 5 hospitals in the region Z (HJ, HK, HL, HM, and HN)

HJ earns 7 million

HK earns 4.5 million

HL earnes 6 million

HM earns 500,000

HN owns 10% of market share

What is HN's revenue? ; What is the HH index of the hospital industry in this region (to 2 decimal places)?

1 million ; 0.27

2 million ; 0.14

1 million 0.33

2 million ; 0.27

none of the above

2 points (Extra Credit)

Question 33

Given a point (point E) on the R-S graph, if r increases and q decreases (and magnitude of r change is LESS than the magnitude of the q change) then the new point will be ___________ of point E

above left

above right

below left

below right

none of the above

a.

the labor-leisure line will shift to the left

b.

the labor-leisure line will shift to the right

c.

a higher indifference curve from the current one chosen will now be available

d.

a lower indifference curve from the current one chosen will be available

e.

a and d

Explanation / Answer

Answer 21

option e

Answer 22

option d

Answer 23

option e

Answer 24

option e

Answer 25

option d

Answer 26

option a

Answer 27

option a

Answer 28

option b

Answer 29

option c

answer 30

option b

Answer 31

option c

Answer 32

option d

Answer 33

option c

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