ESSENTIALS OF ECONOMICS CUSTOM LOOSELEA
9th Edition
ISBN: 9781260220322
Author: SCHILLER
Publisher: MCG
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Question
Chapter 1, Problem 10P
To determine
(a)
To find: The other goods provided when maximum health care is provided.
To determine
(b)
To calculate: The
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QUESTION 5
The tools of health economics are irrelevant to emerging economies’ health systems because:
a.
Government necessarily plays a huge role there since so many citizens are poor
b.
They just need to worry about infectious disease for the next 10 years
c.
Health economics is only useful when private insurances is involved and there is little to none in these countries
d.
None of the above, health economics tools are useful to any society facing tradeoffs.
What proportion on the GDP is spent on health care?
0.2
0.75
0.18
0.30
QUESTION 2
Which of the following options is incorrect about US health care?
Health care spending as a share of GDP has been steady from 2008 to 2012
The projected health care spending as a share of GDP in 2020 is lower than the current share.
Increase in life expectancy is one of the reasons of increase in health care costs
US is categorized as a country with high health care costs
QUESTION 3
For every 10 percent increase in price of health care services, demand falls by 3 percent. How much is the own price elasticity of demand for health care?
0.3
3.33
-3.33
-0.3
QUESTION 4
What is a Cadillac plan?
Health insurance plan for Cadillac company (car manufacturer)
A very generous employer-sponsored health insurance plan
There is no such plan
A very generous health plan for Cadillac owners
QUESTION 5
Demand for health care is not
Downward sloping
Sensitive to the price of health care
Vertical
Horizontal…
Which statement about health insurance in the US is false?
Question options:
1)
Going back to 1940, only about 10 percent of the US population had any health insurance
2)
The share of the under-65 population with private health insurance rose until the 1970s and then plateaued—it remained virtually constant until the implementation of the Affordable Care Act
3)
Early on, the health insurance market was dominated by Blue Cross plans, which practiced community rating in setting premiums
4)
Measured in percentage points, the drop in the uninsured rate in the nonelderly population between 2013 and 2016 was larger than the increase in the share with private insurance
Chapter 1 Solutions
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