HCA255 Week 5 Quiz Latest 2018
1. Which of the following factors that affect supply do NOT shift the supply graph to the right?
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Size of the industry
2. There is a negative relation between income and the demand for health care: the richer the country, the greater the demand for health care.
3. _______ costs are easily identified because a recent market transaction is available to provide an accurate measure of costs
4. In general, goods and services which are close substitutes have higher price elasticities
5. ________ is the sole provider of a good or service in a well defined market with no close substitutions.
6. _______ examines how changes in market conditions influence the positions of the demand and supply curve and cause the equilibrium price and quantity to change.
Marginal private benefit
Marginal private cost
7. If the percentage increase in the quantity consumed is greater than the associated percentage increase in income the good is called___
8. A good for which income elasticity is positive but less than one. The good is called a(n) ___
9. The ___ effect would encourage the substitution of other consumer goods for investment in health as one ages.
10. Which is not a state health incentive?
The Oregon Health Plan
Hawaii’s Universal Coverage
California Universal Health Coverage