Reference no: EM13734760

1. What are the primary power/tools of the presidency?

Command the armed forces.
Power to control income tax rates.
Power to change drinking ages.
Power to build construction projects.

Question 2. What are interest groups?

Groups that oppose government intervention
Advocacy organizations
a social group whose members control some field of activity and who have common aims
NGOs

Question 3. What is the role of lobbyist in the policymaking process?

To lobby politicians to pass legislation.
To help their friends become politicians.
They help politicians get information to their constituents.
They stop people from gaining access to the politicians.

Question 4. What is the concept of a "legal right?"

Moral obligations granted by groups or institutions.
Permission granted by our leaders.
Everything that is not a law.
Rights granted by the legal system.

Question 5. Federalism concerns the relationship between the

national and local governments.
national and state governments.
state and local governments.
all of the above.

Question 6. How do most insured individuals in the U.S. obtain their health insurance coverage?

From their employer
They buy it themselves
Medicare
Medicaid

Question 7. Define Premium:

A form of medical cost sharing in a health insurance plan.
A fixed dollar amount during the benefit period.
Portion of the risk underwritten by another insurer.
Agreed upon fees paid for coverage of medical benefits.

Question 8. Which is not a managed care plan?

Health maintenance organizations (HMOs)
Preferred provider organizations (PPOs)
Exclusive provider organizations (EPOs)
Pay for service plans (POSs)

Question 9. Which is not one of the utilization control tools used by managed care organizations?

Selecting low cost providers.
Bargaining for lower rates.
Utilization management.
Obtaining government stipends.

Question 10. Which assumption do economists typically not make about individuals making decisions?

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.

Question 11. Which is not a common demand shifter?

Consumer tastes and preferences.
Consumer income.
Fitting in with the group.
Prices of substitute and complementary goods.

Question 12. Which is not a moral hazard relate to health insurance?

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.

Question 13. Which is not a common supply shifter?

Cost of outputs
Available technology
Profitability of other goods
Number of sellers in the market

Question 14. Which is not a market failure?

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.

Question 15. Which is not a common characteristic of the uninsured?

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

Question 16. Which is not an example of the way being uninsured impacts an individual's health status?

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.

Question 17. Which is not a reason why the U.S. healthcare system is not a perfectly competitive market?

Lack of perfect competition.
Lack of Perfect information.
Healthcare business must be a price taker.
Corrections made by government may make matters worse.

Question 18. Which is not a reason why it is more difficult to have healthcare reform in the United States?

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.

Question 19. Which is correct concerning the concept of monopsony?

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 .

Question 20. Which is correct concerning the price elasticity of demand for medical care and health status?

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.