#1
What is the primary goal of healthcare economics?
To allocate healthcare resources efficiently
ExplanationEfficient resource allocation in healthcare.
#2
Which of the following is a factor affecting healthcare demand?
Patient income
ExplanationIncome's influence on healthcare demand.
#3
What is the purpose of medical malpractice insurance?
To protect healthcare providers from lawsuits
ExplanationProtection against lawsuits for healthcare providers.
#4
What is a common measure of healthcare quality?
Patient satisfaction surveys
ExplanationQuality assessment via patient satisfaction.
#5
Which of the following is NOT a type of healthcare expenditure?
Government subsidies for medical research
ExplanationExpenditure on medical research subsidies.
#6
Which of the following is NOT a characteristic of a free-market healthcare system?
Universal healthcare coverage
ExplanationAbsence of universal coverage.
#7
What is adverse selection in healthcare economics?
When sick individuals are more likely to purchase insurance
ExplanationSick individuals opting for insurance.
#8
Which risk management technique involves transferring the financial risk of an adverse event to another party?
Risk transfer
ExplanationTransferring financial risk to another entity.
#9
What is cost-effectiveness analysis used for in healthcare economics?
To compare the costs of different medical treatments
ExplanationComparing costs of medical treatments.
#10
Which of the following is NOT a characteristic of a capitation payment system?
Provides unlimited reimbursement for services
ExplanationLimited reimbursement in capitation.
#11
What is moral hazard in the context of healthcare economics?
When individuals change their behavior due to being insured
ExplanationBehavioral changes due to insurance coverage.
#12
In healthcare economics, what does the term 'elasticity' refer to?
The responsiveness of healthcare demand to price changes
ExplanationDemand's responsiveness to price changes.
#13
Which economic concept refers to the situation where one party has more information than the other party in a transaction?
Asymmetric information
ExplanationInformation imbalance in transactions.
#14
What is meant by the term 'provider-induced demand' in healthcare economics?
When healthcare providers refer patients to unnecessary medical procedures to generate more revenue
ExplanationProviders inducing demand for revenue.
#15
In healthcare economics, what is meant by 'cost-shifting'?
When healthcare providers shift the financial burden of treating uninsured patients to insured patients
ExplanationTransferring costs from uninsured to insured patients.