2-2 Quiz: What Is Economics?

Which challenge facing the healthcare industry today is having the most significant impact?

Advancements in technology and institutional changes

True or false: When a healthcare manager is analyzing costs associated with the delivery of healthcare services, the healthcare manager should not consider the fixed and variable costs of the delivery.

False

Which of the following statements is true?

Incremental cost are the same as marginal cost

The study of healthcare economics includes which of the following microeconomic factors that impact the decision-making process of the healthcare manager?

Supply, demand, and price

The main function of health insurance is:

To pool the risk of healthcare post

The Affordable Care Act (ACA) is a complex law that has multiple provisions. The ACA was passed by congress and signed into law on March 23, 2010. Which of the following is a major provision that is focused on reshaping the healthcare sector?

All of the above

The study of healthcare economics includes which of the following macroeconomic factors that impact the decision-making process of the healthcare manager?

All of the above

Which of the following is one of the most significant problems facing the U.S. healthcare system in comparison to other countries, causing the need to transform the healthcare industry?

High per capital cost

True or false: An inefficient program has costs that are higher than the quality the product warrants.

True

True or false: The objective of regulation is consumer protection.

True