HLTH 4350 WU Healthcare Economics From a Population Health Perspective Quiz

Description

Note: The following question comes from Chapter 1 of the course textbook, Economics and Financial Management for Nurses and Nurse Leaders (3rd ed., 2017), by S. J. Penner and are edited for formatting.Concerns about healthcare costs arose:A.Soon after the passage of Medicare and MedicaidB.As a result of World War II shortagesC.When U.S. healthcare costs surpassed 15% of GDPD.All of the aboveE.None of the above

QUESTION 2

Note: The following question is based on National Health Expenditure Projections, 2017–2026: Despite Uncertainty, Fundamentals Primarily Drive Spending Growth (Cuckler et al., 2018), which can be found in the course Learning Resources.The national health expenditure is expected to grow annually, on average, until 2026 by:A.3.0%–4.0%B.4.0%–

QUESTION 3

Note: The following question comes from Chapter 1 of the course textbook, Economics and Financial Management for Nurses and Nurse Leaders (3rd ed., 2017), by S. J. Penner and are edited for formatting.Which of the following is not a characteristic of a market surplus?A.The product’s market price is higher than the equilibrium price.B.Producers reduce the product’s price to bring the market to competitive equilibrium.C.The quantity demanded for the product exceeds the quantity supplied.D.The quantity supplied exceeds the quantity demanded by consumers.

QUESTION 4

Note: The following question comes from Chapter 1 of the course textbook, Economics and Financial Management for Nurses and Nurse Leaders (3rd ed., 2017), by S. J. Penner and are edited for formatting.Healthcare markets are perfectly competitive markets. True False

 
QUESTION 5

Note: The following question comes from Chapter 1 of the course textbook, Economics and Financial Management for Nurses and Nurse Leaders (3rd ed., 2017), by S. J. Penner and are edited for formatting.One effective way to resolve a nursing shortage is:A.Replace all RNs with nurse assistants.B.Increase nursing education and training costs.C.Increase nurses’ wages.D.All of the aboveE.None of the above

QUESTION 6

When collecting the Total Cost of Care Index, the one area of healthcare that has the least variation is:A.Physician participation in health plansB.Cost of servicesC.Resource use or utilizationD.Pharmacy pricesE.None of these

QUESTION 7

Note: The following question comes from Chapter 1 of the course textbook, Economics and Financial Management for Nurses and Nurse Leaders (3rd ed., 2017), by S. J. Penner and are edited for formatting.An example of public goods is:A.Social Security taxesB.Market equilibriumC.Safe drinking waterD.All of the aboveE.None of the above

QUESTION 8

Note: The following question comes from Chapter 1 of the course textbook, Economics and Financial Management for Nurses and Nurse Leaders (3rd ed., 2017), by S. J. Penner and are edited for formatting.One purpose of a union is to:A.Guarantee that all nurses have jobs.B.Influence the market power of nurse employers.C.Allow hospitals to pay nurses based only on seniority.D.All of the aboveE.None of the above

QUESTION 9

Note: The following question comes from Chapter 1 of the course textbook, Economics and Financial Management for Nurses and Nurse Leaders (3rd ed., 2017), by S. J. Penner and are edited for formatting.Two influences that increase the quantity of healthcare demanded include:A.Income and insuranceB.Hospital revenue and transparencyC.Market power and market failureD.All of the aboveE.None of the above

QUESTION 10

Note: The following questions come from Chapter 1 of the course textbook, Economics and Financial Management for Nurses and Nurse Leaders (3rd ed., 2017), by S. J. Penner and are edited for formatting.A good example of an input is a:A.Nurse giving care to a patient who is hospitalizedB.Patient arriving at the emergency room needing careC.Hospital building a new surgical centerD.All of the aboveE.None of the above

Explanation & Answer:
10 questions

Tags:
Population Health Perspective

Healthcare Economics

National Health Expenditure Projection

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