Question 8(5 points)

Which one of the following regarding HIPAA is not true?

Question 8 options:

It ensures protection of patient information.

It was enacted in 1996.

It was created to prevent economic loss.

Its costs have stayed relatively fixed over time.

Question 9(5 points)

A patient is debating where to seek treatment for an illness. The patient has limited resources and needs to spend those resources wisely. Which of the following is the patient using to make this decision?

Question 9 options:

Utility maximization

Profit maximization

Marginal utility

Moral hazard

Question 10(5 points)

When the government distributes an informational pamphlet on the benefit of vaccines, which one of the following market corrective actions is it using?

Question 10 options:

Social insurance

Antitrust laws

Regulations

Information dispersion

Question 11(5 points)

Barriers of entry have no effect on monopoly formation.

Question 11 options:

TrueFalse

Question 12(5 points)

Which one of the following describes a monopoly?

Question 12 options:

Many producers who all agree on the price

One producer who doesn't set the price

One producer who sets the price

One consumer who sets the price

Question 13(5 points)

When the government breaks up a monopoly that's driving up prices for consumers, which one of the following market corrective actions is it using?

Question 13 options:

Social insurance

Antitrust laws

Regulations

Information dispersion