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Health Economics

1. Charging higher prices for one category of patients in order to provide free or subsidized care to another group is called

a.   price discrimination.

b.   cost-shifting.

c.   categorical costing.

d.   reprehensible and unethical.

2. All deadlines will be indicated using ___ .

a. EST

b. AST

c. CST

d. MST

3. You should submit PDF file for ______

a. Multiple choices

b. Short answers

c. Calculation problems

d. Introduction

4. Without detailed calculations and interpretations for calculation problems, you will get ___ credits.

a. 0

b. Partial

c. Half

d. Complete

5. Which of the following statements is not based on positive analysis?

a.   Individuals without health insurance have less access to physicians’ services than those who have health insurance.

b.   The  high  cost  of health  insurance  places  U.S.  firms  at  a  competitive disadvantage with their foreign competitors.

c.   Employers should be required to provide health insurance for all full-time workers and their dependents.

d.   All the statements are not the positive analysis

6. Which of the following is not a characteristic that makes medical care different from other commodities?

a.   Demand for medical care is irregular.

b.   Sellers have more information than buyers.

c.   Third-party payers abound.

d.   For-profit providers play a major role in delivering medical care.

7. Which of the following is not in the triple aim?

a. Quality.

b. Incentive

c. Access

d.Affordability.

Short ansers.

What date is the final exam date?

Ans: July 1

Calculation Problem

In Merryland, there are only 3 goods: popcorn, movie shows, and diet drinks. The following table shows the prices and quantities produced of these goods in 1980,  1990, and 1991:

 

A "market bundle" for a typical family is deemed to be 5 popcorn, 3 movie shows,   and 3 diet drinks. Compute the consumer price index (CPI) for e1991, using 1980 as the base year. (2 pts)

Write down the details and upload it as a PDF file.

Ans:

100*(5*1.05+3*10.5+3*0.75)/(5*1+3*5+3*0.7)=176.5