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1. Which assumption do economists typically not make about
individuals making decisions?
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People
will maximize utility.
Individuals
have full information and are able to process this information.
Individuals
are rational decision makers.
People
are irrational decision-makers.
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2. Which is not a common demand
shifter?
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Consumer
tastes and preferences.
Consumer
income.
Fitting
in with the group.
Prices
of substitute and complementary goods.
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3 Which is not a moral hazard
relate to health insurance?)
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Might
encourage those clients to behave in riskier ways.
Behavior
of the insured party changes in a way that raises costs for the insurer.
Individuals
demand for pricier and more elaborate medical services.
Prices
of substitute and complementary goods could make them change companies.
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4. Which is not a common supply
shifter?)
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Cost
of outputs
Available
technology
Profitability
of other goods
Number
of sellers in the market
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5. Which is not a
market failure? (
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The
efficient allocation of goods.
When
you are better off when someone else is worse off.
Pursuit
of self-interest leads to inefficiency.
Corrections
made by government may make matters worse.
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6 Which is not a
common characteristic of the uninsured?
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They
are employed
They
don’t want insurance because they don’t like doctors
They
are children
They
have low incomes and resources available to them
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Which is not an example of the
way being uninsured impacts an individual’s health status? (
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The
individual is more likely to postpone or fail to receive needed medical care.
The
individual is less likely to be screened for serious illnesses.
The
individual is more likely to enter the health care system in poorer health.
The
individual is more likely to receive less treatment, even for serious acute
or chronic health conditions.
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Which is not a reason why the U.S. healthcare system is
not a perfectly competitive market? )
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Lack
of perfect competition.
Lack
of Perfect information.
Healthcare
business must be a price taker.
Corrections
made by government may make matters worse.
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Which is not a reason why it is
more difficult to have healthcare reform in the United States?
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Our
healthcare system is more complex than other countries.
Other
countries already have universal coverage.
Other
countries have parliamentary systems.
Our
healthcare system has better products and services.
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. Which is correct concerning the concept of monopsony?
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A
monopsony occurs when a firm has market power in employing factors of
production.
A
monopsony occurs when a firm does not have market power in employing factors
of production.
A
monopsony occurs when a firm does not have market power in employing factors
of demand
A
monopsony occurs when a firm does not have market power in employing all the
service factors .
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Which is correct concerning the price elasticity of
demand for medical care and health status?
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The
demand for health care is consistently found to be price elastic.
The
demand for health care is consistently found to be price inelastic.
The
demand for health care is price variable.
The
demand for health care is price invariable.
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