Please answer the following multiple-choice questions:

QUESTION 13 Health care employee unions are successful at negotiating higher salaries for nurses nationwide and the number of elderly Americans requiring nursing home services increases. In the nursing home services market equilibrium quantity will O a. rise 0 b. fall 0 c. stay the same 0 d.cannot be determined QUESTION 14 The drug that leaves the immune system intact while preventing transplant rejection is expected to have a cross-price elasticity estimate with the demand for kidneys 0 positive 0 negative 0 zero 0 cannot tell QUESTION 6 Assume the sale of human organs is legalized and a free market develops. Assume the market is in equilibrium and that medical care services are normal goods. If there is an increase in the incomes of potential buyers of human kidneys, then in the human kidneys market equilibrium price will - O a. rise 0 b.fa|| O c. stay the same 0 d. cannot be determined QUESTION 7 If the demand for a health service is own price inelastic and price is out then the total revenue for the sen/ice will - 0 increase 0 decrease 0 stay the same 0 cannot determine QUESTION 29 The Patient Protection and Affordable Care Act (ACA) increases the number of Americans covered for health care. The ACA also has provisions to expand the number of Primary Care Physicians in the US health care sector. In the market for physician services, equilibrium price will - O a. rise 0 b. fall 0 c. stay the same Q d. cannot be determined QUESTION 8 In the model that shows the relationship between utility and medical care, check any of the following that are true: C] total utility increases as more medical care is consumed. C] marginal utility increases as more medical care is consumed. C] total utility increases at a decreasing rate as more medical care is consumed. C] total utility increases at a increasing rate as more medical care is consumed. QUESTION 16 If the demand for a health service is own price elastic and price is out then the total revenue for the service will - 0 increase 0 decrease 0 stay the same 0 cannot determine QUESTION 17 If the demand for a health service is own price unit elastic and price is raised then total revenue for that service will 0 increase 0 decrease 0 stay the same 0 cannot tell QUESTION 1 The RAND study provides empirical evidence that insurance coverage does not inuence utilization or spending on health care services. 0 True 0 False QUESTION 2 Accountable Care Organizations are effective at preventive measures that reduce risks for pre-diabetes, resulting in fewer diabetes cases nationwide. In the market for inpatient diabetes treatments equilibrium price will - O a. rise 0 b.fa|l O c. stay the same 0 d. cannot be determined QUESTION 19 . If the demand for a health service is own price elastic then check any of the following that are true: C] the |%AQ | is less than the |%AP | C] total revenue for the service will increase when price is raised C] the |%AQ | is greater than the |%AP | C] total revenue for the service will increase when price is cut QUESTION 21 Even without empirical studies, we would expect the demand for cosmetic surgery to be compared to the demand for chemotherapy. 0 more price elastic 0 less price elastic O about the same price elasticity 0 none of the above QUESTION 22 The Patient Protection and Affordable Care Act (ACA) increases the number of Americans covered for health care. The ACA also has provisions to expand the number of Primary Care Physicians in the US health care sector. In the market for physician services, equilibrium quantity will - O a. rise 0 b.fall O c. stay the same 0 d. cannot be determined QUESTION 4 Accountable Care Organizations are effective at preventive measures that reduce risks for pre-diabetes, resulting in fewer diabetes cases nationwide. In the market for inpatient diabetes treatments equilibrium quantity will - O a. rise 0 b.fa|| O c. stay the same 0 d. cannot be determined QUESTION 5 Which of the following best illustrates the law of diminishing marginal utility? O A physician orders additional exams to provide a more accurate diagnosis. 0 A person chooses the most comprehensive health insurance offered every time, regardless of the benet or cost 0 A patient chooses to visit the dentist twice a year for checkups rather than once a month. 0 Congress chooses to continue debating the merits of alternative health policies. 0 None of the above. QUESTION 23 If the demand for a health service is own price inelastic then check any of the following that are true: C] the |%AQ | is less than the |%AP | C] total revenue for the service will increase when price is cut C] the |%AQ | is greater than the |%AP | C] total revenue for the service will decrease when price is cut