Help answer these questions:

Question 1:

Which one is true for the trend expenditure on health around the world?

a) some of the poor countries like india and china, having a very large poor population , spend a lot of money on health on a per capita basis

b) USA spends most money on health on a per capita basis

c)none of the above

d) in USA, health expenditure as a fraction of fGDP is falling over time

Question 2:

A shortage of hospital beds will likely lead to

a) An increase in the supply of hospital beds

b) An increase in the price of a hospital stay

c) A decrease in the price of a hospital stay

d) None of the above

e) A decrease in the demand for hospital beds

Question 3:

Which of the following issues is not discussed in health economics ?

a) none of the above

b) how to use alternative methods, such as taxes, subsidies, to finance health care services?

c) how to allocate resources to achieve better health?

d) how to pass a health care plan?

question 4:

Most recipients of Medicaid are ______; most of the costs of Medicaid are associated with benefits received by ________

a) Military retirees; disabled veterans

b) low income elderly; low income mother and children

c) disabled veterans; military retirees

d) low income mothers and children; low-income elderly

Question 5:

The most important source of funding for Medicare is

a) a tax on the health insurance premiums pay by all group plans

b) 2.9 percent payroll tax paid by all workers, regardless of their age

c) premiums paid by elders and deducted from their monthly social security checks

d) the federal income tax

e) proceeds from the Medicare trust fund

Question 6:

Inoculation programs against certain diseases such as small pox, polio, and whooping cough create

a) non excludable good

b) positive externalities in consumption

c) nonrival goods

d) public goods

e) external costs to society equal to the costs of the program

Question 7:

Suppose you argue that we should increase taxes on high-income people and use the tax revenue obtained to pay for health insurance of uninsured low-income people as a way to redistribute income

a) This is an incontrovertible argument for extending health insurance to the uninsured

b) This is a moral argument for extending health insurance to the uninsured

c) This is an economic argument for extending health insurance to the uninsured

d) This is a fairness argument for extending health insurance to the uninsured