No explanation is necessary for these multiple-choice questions.
"Physician-induced demand, taste discrimination and defensive medicine are:" 0 Instances when physicians do not act in the patients best interest. 0 Instances when there is uncertainty about the appropriate treatment for a patient. 0 Evidence of barriers to entry. 0 Consequences of returns to specialization. 0 "All of these (except for ""None"")" 0 None of the options given Adverse selection in health insurance markets would be solved by any of the following except: 0 Symmetrical information Q If individuals did not know their risk type. Q If insurers could observe the individualfjs risk type. Q If high-risk customers were more likely to purchase insurance. 0 "A single provider of health insurance, funded by taxes and compulsory for all citizens." A consumer with declining marginal utility of income will: 0 Always choose partial fair insurance instead of full unfair insurance 0 Always choose full unfair insurance instead of partial fair insurance 0 Always choose full insurance regardless of how fair or unfair it is 0 Always choose full fair insurance instead of partial fair insurance _ 0 None of the options given The fact that practicing neurologic surgeons earn more than practicing pediatricians undoubtedly implies that: _ 0 All pediatricians should become neurologic surgeons. O Neurologic surgeons see more patients than pediatricians. O The rate of return to choosing neurologic surgery exceeds the rate of return to choosing pediatrics for a medical school graduate. _ O "lfthe tastes are the same, the requirements to become a neurologic surgeon must be higher than those to become a pediatrician." O Pediatricians should get a raise. How does the Grossman model explain health differences by education group? 0 People with less education produce more health than college graduates because they have more free time to invest in health production. _ O More educated individuals are more efficient producers of health than less educated individuals. 0 "If health depreciates faster with age, the optimal health level will decline with age." 0 More educated individuals try to catch up with the health level of less educated individuals. In the Grossman model: O The marginal efficiency of investment in health care increases as health improves O Health is an investment that depreciates over time O Health is a not consumption good O "The production possibility frontier between health and home good is monotonically decreasing, like with any pair of typical goods." O Health determines sick time and has no impact on productive timeThe thrifty phenotype hypothesis: 0 States that the physiologic toll derived from stress accumulates on the body over time and leads to low socioeconomic status, 0 States that the physiologic toll derived from stress accumulates on the body over time and leads to low health, 0 \"States that early-life events have a strong inuence on adult health status, therefore offering a causal relationship from socio-economic status to health." 0 \"States that early-life events have a strong inuence on adult health status, therefore offering a causal relationship from health to socioeconomic status."
