Economics 1. Does the demand for healthcare services vary in size with the affordable costs? 2.) Two sources of inefficiency that managed care attempts to address are moral hazard and demand inducement. True or false?     a. True   b. False   3.) Both moral hazard and demand inducement place us on a _____ medical system.     a. flat-of-the-curve       b. point of intersection       c. tangent       d. radius     4.) Managed care and managed competition are the same concept? True or false?     a. True   b False   5.) It is illegal for managed care organization to introduce competition among providers? True or false?   a. True   b False   6.) Government intervention arises from market failure and often includes which of the following?       a competition generation       b. tax policy       c. competition generation and tax policy       d. neither competition generation nor tax policy

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter8: Market Failure
Section: Chapter Questions
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Economics

1. Does the demand for healthcare services vary in size with the affordable costs?

2.) Two sources of inefficiency that managed care attempts to address are moral hazard and demand inducement. True or false?

 

  a. True
  b. False

 

3.)

Both moral hazard and demand inducement place us on a _____ medical system.

 

 

a. flat-of-the-curve

 

 

 

b. point of intersection

 

 

 

c. tangent

 

 

 

d. radius

 

 

4.)

Managed care and managed competition are the same concept? True or false?

 

  a. True
  b False

 

5.)

It is illegal for managed care organization to introduce competition among providers? True or false?

  a. True
  b False

 

6.)

Government intervention arises from market failure and often includes which of the following?

 

 

 

a competition generation

 

 

 

b. tax policy

 

 

 

c. competition generation and tax policy

 

 

 

d. neither competition generation nor tax policy 

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