This quiz works best with JavaScript enabled. Home > Economics > Health Economics > Health Economics – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Health Economics Quiz 2 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What are the components of the DALY A) YLLs + YLDs. B) 1-QALY. C) YLDs + Life Expectancy. D) YLGs + YLDs. Show Answer Correct Answer: A) YLLs + YLDs. 2. Decline in mortality and fertility from the high rates characteristics of modern and high-income societies. A) Concept. B) Demographic Transition. C) Pre-disposing Factor. D) Enabling Factor. Show Answer Correct Answer: B) Demographic Transition. 3. Which of the following correctly define a QALY? A) 1 year of perfect health for one person. B) 1 year additional survival time for one person. C) 1 year of life lost due to suboptimal healthcare for 1 person. D) None of above. Show Answer Correct Answer: A) 1 year of perfect health for one person. 4. What is the study of how society decides what, how and for whom to produce? A) Chemistry. B) Physics. C) Economics. D) Biology. Show Answer Correct Answer: C) Economics. 5. It is a method of pooling risk so that one person's loss is shared across many people rather than being borne by the person alone. A) Healthcare Insurance. B) Insurance. C) Health Insurance. D) Worker Insurance. Show Answer Correct Answer: C) Health Insurance. 6. What is the relationship between price and quantity supplied according to the law of demand and supply? A) As price increases, quantity supplied decreases. B) As price increases, quantity supplied increases. C) As price remains constant, quantity supplied decreases. D) As price decreases, quantity suppled increases. Show Answer Correct Answer: B) As price increases, quantity supplied increases. 7. Characterized by the socioeconomic condition of the people A) Social Health. B) Societal Health. C) Spiritual Health. D) Income and Health. Show Answer Correct Answer: B) Societal Health. 8. When supply and demand are equal (i.e. when the supply function and demand function intersect) the economy is said to be at A) Balance. B) Equilibrium. C) Disequilibrium. D) Excess Supply. Show Answer Correct Answer: B) Equilibrium. 9. Which management strategy can help improve efficiency while decreasing cost? A) Increasing resource costs. B) Reducing accuracy of information. C) Ignoring employee satisfaction. D) Improving financial planning. Show Answer Correct Answer: D) Improving financial planning. 10. What is the term used to describe goods and services that are scarce relative to our wants for them? A) Abundant goods. B) Economic goods. C) Excessive goods. D) Plentiful goods. Show Answer Correct Answer: B) Economic goods. 11. .... is a branch of economics concerned with issues related to production and consumption of health and health care. A) Welfare Economics. B) Public Economics. C) Health Economics. D) Macro Economics. Show Answer Correct Answer: C) Health Economics. 12. What term describes the value of the best alternative forgone where, given limited resources, a choice needs to be made between several mutually exclusive alternatives? A) Opportunity cost. B) Utility. C) Efficiency. D) None of above. Show Answer Correct Answer: A) Opportunity cost. 13. Under which market form is a firm a price-taker A) Perfect. B) Monopolistic. C) Monopoly. D) None of above. Show Answer Correct Answer: A) Perfect. 14. What is the fundamental driving force for economic activity according to economics? A) Abundance. B) Scarcity. C) Surplus. D) Excess. Show Answer Correct Answer: B) Scarcity. 15. The amount of money saved in the future thanks to an effective intervention on road safety is a ..... A) Cost. B) Consequence. Show Answer Correct Answer: A) Cost. 16. Why is it important to improve efficiency in healthcare? A) To maintain costs and benefits at the same level. B) To increase benefits without increasing costs. C) To reduce costs without reducing benefits. D) To reduce benefits without increasing costs. Show Answer Correct Answer: C) To reduce costs without reducing benefits. 17. What is the measure of how much your quality of life would decrease with a certain outcome called? A) Probability score. B) Health score. C) Utility score. D) Outcome score. Show Answer Correct Answer: C) Utility score. 18. What role does evidence play in decision-making for care givers and patients? A) Evidence has no role in decision-making. B) Evidence should be ignored in decision-making. C) Evidence should be disseminated for informed decisions. D) Evidence should be kept confidential from care givers and patients. Show Answer Correct Answer: C) Evidence should be disseminated for informed decisions. 19. What is the purpose of economic evaluation in healthcare? A) To assess the cost-effectiveness of healthcare interventions. B) To determine the demand and supply of healthcare resources. C) To evaluate the effectiveness of healthcare staff. D) To analyze the production process of healthcare facilities. Show Answer Correct Answer: A) To assess the cost-effectiveness of healthcare interventions. 20. What is the cost per quality used as in evaluating new interventions? A) A standardized metric. B) A variable metric. C) A subjective metric. D) An irrelevant metric. Show Answer Correct Answer: A) A standardized metric. ← PreviousNext →Related QuizzesEconomics QuizzesHealth Economics Quiz 1Health Economics Quiz 3Health Economics Quiz 4 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books