ECON FINAL

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Author:
hluke34
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121658
Filename:
ECON FINAL
Updated:
2011-12-09 19:04:44
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ECON 302
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Questions for final
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  1. What is a single-payer system of health care?

    a. A health care system in which there are many buyers and many sellers so that no one party can influence the price
    b. A health care system in which there is onely one buyer who is a public or quasi-publis agency
    c. A health care system in which there is only one seller and many buyers allowing the seller to manipulate the price
    d. A system in which health care becomes over complicated invloving insurance companies, co-ops, Medicare, Medicaid, susidies, state plans, etc.
    b. A health care system in which there is onely one buyer who is a public or quasi-publis agency
  2. All of the following are covered under Canada's single payer system except.

    a. Emergency room visit
    b. physician visit
    c. Lasik eye surgery
    d. basic lab test
    c. Lasik eye surgery
  3. Where do 76% of England's National health Service funds come from?

    a. National insurance contributions
    b. General taxation
    c. User charges
    d. Compnay donations
    b. General taxation
  4. What factors affect the high number of uninsured citizens in the U.S.?

    a. Illegal immigrants
    b. eligible but have not applied
    c. uninsured only for a few months, between changing jobs
    d. All of the above
    d. All of the above
  5. What factors affect the high number of uninsured citizens in the U.S.?

    a. Illegal immigrants
    b. eligible but have not applied
    c. uninsured only for a few months, between changing jobs
    d. All of the above
    d. All of the above
  6. What country spends the most as a percentage of the GDP on Helathcare?

    a. Japan
    b. China
    c. the United States
    d. Germany
    c. the United States
  7. Tha largest way Americans receive health care is through:

    a. Medicare
    b. Medicaid
    c. Employer sponsered plans
    d. Private plans
    c. Employer sponsered plans
  8. An adjustmetn to income can be claimed on a taxpayer's tax return for contributions to which of the following health insurance plans:

    a. Health savings accounts
    b. Medicare
    c. Medicaid
    d. Ilus Davis health insurance fund
    a. Health savings accounts
  9. True/False. Is health insurance a normal good?
    True
  10. Which of the following are reasons for the drug shortage?

    a. Manufacturing problems
    b. Orphan drugs
    c. Regulatory issues
    d. All of the above
    d. All of the above
  11. What are the problems with substitute drugs?

    a. Poor treatment outcomes
    b. Dosing errors
    c. Cancellation of surgeries
    d. All the above are problems
    d. All the above are problems
  12. What is laissez faire?

    a. Hands off
    b. Hands on
    c. Dictatorship
    d. Monopoly
    a. Hands off
  13. Young adults are allowed to stay on their parent's insurance until they turn:

    a. 40.
    b. 30
    c. 26
    d. 21
    c. 26
  14. The affordable Care Act is also known as

    a. Romneycare

    b. Republicancare

    c. Obamacare

    d. No one cares
    C.Obamacare
  15. Under the new law, strating in 2014, what becomes mandatory for all US citizens?

    a. Everyone must use the same doctor
    b. Everyone must enroll in Medicare
    c. Everyone must have health insurance either through their employer or purchased on their own
    d. Everyone should travel to Canada for medical needs
    C. Everyone must have health insurance
  16. Which of the following best describes the variation in the slope of the demand curve as quantity increases along a linear demand curve?

    a. the slope increases
    b. the slope decreases
    c. the slope remains the same
    d. the slope dereases then increases
    C. the slope remains the same
  17. Which of the following are assumtions of the economic theory of the consumer?

    a. when a consumer is confronted with two market baskets, he (she) is always abel to rank the baskets

    b. a consumer always prefers more of a good to less

    c. If baslet A os preferred tp baslet B and basket B is preferred to basket C, then basket A is preferred to basket C

    d. All of the above are assumptions of the economic theory of the consumer
    d. All of the above are assumptions of the economic theory of the consumer
  18. If the price of a good is below the reservation price for an individual consumer, then that consumer

    a. purchase some positive quantity of the good
    b. has no demand for the good
    c. may have demand for the goog but does not purchase a positive quantity of the good
    d. has a marginal rate of substitution equal to 1
    a. purchase some positive quantity of the good
  19. fi the price of a good is above the resrvation price for an individual consumer, then tht consumer

    a. purchases some postive quanity of the good
    b. has no demand for the good
    c. may have demand for the good but does not purchase a positive quantity of the good.
    has a marginal rate of substitution equal to 1..
    c. may have demand for the good but does not purchase a positive quantity of the good.
  20. When the consumer maximizes utility, it is true that...

    a. the marginal utility per dollar spent on each good is the same
    b. the ratio of commodity prices is equal to the ratio of commodity marginla utilities
    c. it is impossible to reallocate the given amount of income and increase utility
    d. all of the above
    d. all of the above
  21. An Engel curve measures

    a. the relationship between prefernces and quantity consumed of a good, ceteris paribus.
    b. the relationship between income and quantity consumed of a good, ceteris paribus.
    c. the relationship between the price of a substitute and quantity consumed of a good, ceteris paribus.
    d. the impact of the Communist Manifesto, ceteris paribus

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