Societal structure during the Agricultural Age provided localized areas which were susceptible to catastrophic losses of life from drought, pestilence and disease.

Question 34

  1. Societal structure during the Agricultural Age provided localized areas which were susceptible to catastrophic losses of life from drought, pestilence and disease.

1 points   

Question 35

  1. Varying measures of benefits can result because the viewpoint of the party benefitting from a treatment varies.

1 points   

Question 36

  1. According to the text, medical care expenditures increased from the Agricultural Age to the Industrial Age. At the end of the Agricultural Age, almost all expenditures on health care were driven by the 2% of the population that was wealthy. Greater equality of income and wealth distribution in the Industrial Age helped support the increase in medical expenditures.

1 points   

Question 37

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  1. The U.S. government subsidizes the private provision of health insurance through employers. Benefits paid to employees are deductible as expenses by firms but not recognized as taxable income by employees. Consider two employees, Ann and Bob, who both receive $12,000 in insurance benefits for their family. Ann earns $30,000 and pays 15% in taxes. Bob earns $75,000 and pays 25% in taxes. The tax subsidy to Bob is:
    a.
    b.
    c.
    d.
    e.

1 points   

Question 38

  1. Social insurance:
    a.
    b.
    c.
    d.
    e.

1 points   

Question 39

  1. Economics is the science which studies how scarce resources are allocated among unlimited needs and wants. In health economics, allocation can be restated as distribution resources, the distribution of health, the distribution of medical care, and the distribution of provider incomes.

1 points   

Question 40

  1. Offering insurance coverage through an optional rider would likely cause the most problems with adverse selection for which condition?
    a.
    b.
    c.
    d.
    e.

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