Exam 2 Prep: MHA 710 / MHA710
(Latest 2025 / 2026) Healthcare Economics | Questions and Verified Answers | 100% Correct | Grade A - LSU
Question:
The standard cut-off for cost per QALY is ______ per capita income.
Answer:
- equal to
- 2 times
- 3 times
- 4 times
- 5 times
Question:
Cost-effectiveness considerations are more formally integrated into health policy making in
Answer:
Australia, Europe, and Canada 1 / 3
Question:
Steps in performing a cost-effectiveness analysis include all of these EXCEPT
Answer:
prioritizing the alternative treatment options.
Question:
Researchers use cost-of-illness studies to
Answer:
- study the burden of a disease.
- determine the low-cost option to treat a disease.
- compare two or more treatment options when the medical outcome is
- increase public awareness of cost of treating certain diseases.
- do all of the above. - answer
identical.
Question:
Many economists consider medical care a superior good. Which of the following statements is true regarding a superior good?
Answer:
As consumer income increases, a larger percentage of that income is spent on superior goods AND A superior good has an income elasticity of demand greater than 1.
- / 3
Question:
A critical assumption in the model of demand and supply is the independence of demand and supply curves. If the two are not independent, a shift in the supply curve can lead to a shift in the demand curve referred to as
Answer:
supplier-induced demand.
Question:
The top ten causes of death in the United States in 2010 included all of the following except
Answer:
AIDS
Question:
1The accompanying diagram depicts the relationship between health status and medical care spending for a particular country. Which of the following statements is true?
Answer:
Social pressures will move the health care system to spend S2.
- / 3