ECONOMICS QUIZ MCQs
Question # 00529042
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Updated on: 05/17/2017 03:25 AM Due on: 05/17/2017
What is a form of intangible capital that includes the skills and other knowledge that workers possess or acquire through education, training, and health care that yields valuable productive services over time? (Points : 1)
Labor-Leisure Trade-Off Capital
Human Capital
Expected Value Capital
Long Run Capital
Question 2. 2. Personal computers are likely to have a _______ rate of depreciation than health capital because of ________. (Points : 1)
lower; improving technology making replacements more productive
higher; improving technology making replacements more productive.
lower; more favorable tax treatment
higher; longer useful life
Question 3. 3. Time is an important factor in health production because ____________. (Points : 1)
all consumers could work and earn more money if they did not spend time producing health
no health-producing activities involve time-spending activities such as traveling to the provider
with only 24 hours in a day, time spent producing health must come from some other activity
we forego current consumption to improve health, which lasts into the future
Question 4. 4. Coinsurance refers to ________________. (Points : 1)
a fixed dollar or percentage fee per treatment
an amount that the insured must pay out-of-pocket, before the insurer will pay
the price of insurance to the insured
the cost of insuring one's family
Question 5. 5. Which of the following features does not characterize a desirable aspect of insurance arrangements? (Points : 1)
The number of insured should be large, and they should be independently exposed to the potential loss.
The chance of loss should be measurable
The insurer should be guaranteed positive economic profits
The losses should be accidental from the viewpoint of the person who is injured
Question 6. 6. Moral hazard refers to ________. (Points : 1)
illegal behavior by insurers
illegal behavior by consumers
behavior that occurs solely because of the contractual insurance arrangement
consumers' choosing particular plans based on their health statuses
Question 7. 7. Compared to men, women have ________ health expenditures earlier in their lives ___ and ____ health expenditures later in their lives. (Points : 1)
lower; lower
higher; lower
lower; higher
higher; higher
Question 8. 8. Low income Americans are found to receive worse care than others as evaluated by 15 of 20 core measures. This difference can be explained by _________. (Points : 1)
higher income
better access to care
different care-seeking behaviors
geographical differences
Question 9. 9. Increased health insurance since World War II explains about ____ percent of the increase in expenditures per capita: (Points : 1)
10
20
30
40
Question 10. 10. Many of the more industrialized countries have sought to reform their health care systems by introducing elements of ________. (Points : 1)
increased cost sharing
multiple payer plans
decreased global budget
non-government service provision
Question 11. 11. Individual insurance mandates require ________________. (Points : 1)
taxpayers to enroll in government-sponsored insurance
taxpayers to buy insurance from private sellers
all consumers to get insurance, whether from employers, the private market, or the government
employers to stop offering insurance
Question 12. 12. Employer mandates require________. (Points : 1)
all employers to provide health insurance
all employers to increase workers' pay so they can buy health insurance
all employers to provide pharmaceutical coverage
all employers to decrease workers' pay to compensate for health insurance
Question 13. 13. Total expenditure for universal health insurance would______ the true cost because ________. (Points : 1)
overstate; the uninsured are already receiving uncompensated care
understate; employers would lose money
precisely estimate; we have good estimates of health care costs
understate; insurers could not offer this coverage without a subsidy
Question 14. 14. In the United States, employer-provided health insurance distorts the choice between health care and other items because ________. (Points : 1)
health insurance may lead to over-consumption of health care due to moral hazard
employer contributions are tax exempt, thus reducing the price of insurance relative to other goods
workers believe that health insurance is free
health insurance may lead to under-consumption of health care and preventative care
Question 15. 15. Advocates of "single payer" national health insurance believe it is desirable because it ________. (Points : 1)
reduces administrative costs by reducing multiple forms that hospitals, clinics, and nursing homes must fill out
eliminates a wastefully competitive health insurance industry
provides less costly variety than would privately provided insurance
can achieve economies of scale in providing insurance
Question 16. 16. Pay for performance (P4P) plans ________. (Points : 1)
have proven successful in reducing health expenditures
require detailed performance measures to be successful
have improved the Canadian health care system
will always increase health care quality
Question 17. 17. The Patient Protection and Affordable Care Act (PPACA) features which of the following? (Points : 1)
A "Cadillac tax" on high-cost employer-provided health insurance
A penalty for employers with 10 or fewer full-time employees that do not offer coverage
A single payer for all medical expenses
A tax benefit for large businesses that provide health insurance
Question 18. 18. When a person decides to be vaccinated against a contagious disase, this creates a ________ for other people in the community. (Points : 1)
positive external benefit
negative external factor
medical crisis
shortage of medical care
Question 19. 19. Who provides the majority of insurance for the population of the United States? (Points : 1)
Employers
Medicare
Military
The majority of the population is uninsured.
Question 20. 20. Which of the following is the health care reform legislation passed by Congress and signed by President Obama in March 2010? (Points : 1)
The National Health Insurance Act
The Health Savings Accounts Act
The Patient Protection and Affordable Care Act
The Social Security Act
Labor-Leisure Trade-Off Capital
Human Capital
Expected Value Capital
Long Run Capital
Question 2. 2. Personal computers are likely to have a _______ rate of depreciation than health capital because of ________. (Points : 1)
lower; improving technology making replacements more productive
higher; improving technology making replacements more productive.
lower; more favorable tax treatment
higher; longer useful life
Question 3. 3. Time is an important factor in health production because ____________. (Points : 1)
all consumers could work and earn more money if they did not spend time producing health
no health-producing activities involve time-spending activities such as traveling to the provider
with only 24 hours in a day, time spent producing health must come from some other activity
we forego current consumption to improve health, which lasts into the future
Question 4. 4. Coinsurance refers to ________________. (Points : 1)
a fixed dollar or percentage fee per treatment
an amount that the insured must pay out-of-pocket, before the insurer will pay
the price of insurance to the insured
the cost of insuring one's family
Question 5. 5. Which of the following features does not characterize a desirable aspect of insurance arrangements? (Points : 1)
The number of insured should be large, and they should be independently exposed to the potential loss.
The chance of loss should be measurable
The insurer should be guaranteed positive economic profits
The losses should be accidental from the viewpoint of the person who is injured
Question 6. 6. Moral hazard refers to ________. (Points : 1)
illegal behavior by insurers
illegal behavior by consumers
behavior that occurs solely because of the contractual insurance arrangement
consumers' choosing particular plans based on their health statuses
Question 7. 7. Compared to men, women have ________ health expenditures earlier in their lives ___ and ____ health expenditures later in their lives. (Points : 1)
lower; lower
higher; lower
lower; higher
higher; higher
Question 8. 8. Low income Americans are found to receive worse care than others as evaluated by 15 of 20 core measures. This difference can be explained by _________. (Points : 1)
higher income
better access to care
different care-seeking behaviors
geographical differences
Question 9. 9. Increased health insurance since World War II explains about ____ percent of the increase in expenditures per capita: (Points : 1)
10
20
30
40
Question 10. 10. Many of the more industrialized countries have sought to reform their health care systems by introducing elements of ________. (Points : 1)
increased cost sharing
multiple payer plans
decreased global budget
non-government service provision
Question 11. 11. Individual insurance mandates require ________________. (Points : 1)
taxpayers to enroll in government-sponsored insurance
taxpayers to buy insurance from private sellers
all consumers to get insurance, whether from employers, the private market, or the government
employers to stop offering insurance
Question 12. 12. Employer mandates require________. (Points : 1)
all employers to provide health insurance
all employers to increase workers' pay so they can buy health insurance
all employers to provide pharmaceutical coverage
all employers to decrease workers' pay to compensate for health insurance
Question 13. 13. Total expenditure for universal health insurance would______ the true cost because ________. (Points : 1)
overstate; the uninsured are already receiving uncompensated care
understate; employers would lose money
precisely estimate; we have good estimates of health care costs
understate; insurers could not offer this coverage without a subsidy
Question 14. 14. In the United States, employer-provided health insurance distorts the choice between health care and other items because ________. (Points : 1)
health insurance may lead to over-consumption of health care due to moral hazard
employer contributions are tax exempt, thus reducing the price of insurance relative to other goods
workers believe that health insurance is free
health insurance may lead to under-consumption of health care and preventative care
Question 15. 15. Advocates of "single payer" national health insurance believe it is desirable because it ________. (Points : 1)
reduces administrative costs by reducing multiple forms that hospitals, clinics, and nursing homes must fill out
eliminates a wastefully competitive health insurance industry
provides less costly variety than would privately provided insurance
can achieve economies of scale in providing insurance
Question 16. 16. Pay for performance (P4P) plans ________. (Points : 1)
have proven successful in reducing health expenditures
require detailed performance measures to be successful
have improved the Canadian health care system
will always increase health care quality
Question 17. 17. The Patient Protection and Affordable Care Act (PPACA) features which of the following? (Points : 1)
A "Cadillac tax" on high-cost employer-provided health insurance
A penalty for employers with 10 or fewer full-time employees that do not offer coverage
A single payer for all medical expenses
A tax benefit for large businesses that provide health insurance
Question 18. 18. When a person decides to be vaccinated against a contagious disase, this creates a ________ for other people in the community. (Points : 1)
positive external benefit
negative external factor
medical crisis
shortage of medical care
Question 19. 19. Who provides the majority of insurance for the population of the United States? (Points : 1)
Employers
Medicare
Military
The majority of the population is uninsured.
Question 20. 20. Which of the following is the health care reform legislation passed by Congress and signed by President Obama in March 2010? (Points : 1)
The National Health Insurance Act
The Health Savings Accounts Act
The Patient Protection and Affordable Care Act
The Social Security Act
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Rating:
/5
Solution: ECONOMICS QUIZ MCQs