Health Economics Quiz 3 (20 MCQs)

Quiz Instructions

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1. The social science concerned with how individuals and societies decide how to satisfy their unlimited wants given our limited resources.

Correct Answer: C) Economics.

2. What is the true cost of producing a good or service according to economics?

Correct Answer: B) Opportunity cost.

3. What is the typical scenario when a new intervention provides an improvement but costs money?

Correct Answer: A) The government may or may not pay for it.

4. What mathematical model is used to combine the utility scores and probabilities?

Correct Answer: B) Markov model.

5. What is the ICER?

Correct Answer: A) Incremental Cost-Effectiveness Ratio.

6. What is the concept that means the benefits that would have resulted from the best alternative use of resources?

Correct Answer: D) Opportunity cost.

7. Knowledge, attitude, beliefs, values and intentions

Correct Answer: A) Pre-disposing Factor.

8. What is the demand for health care mainly demanded for?

Correct Answer: B) Improving health.

9. Which type of economic analysis is used to compare interventions without considering patients preferences/wellness?

Correct Answer: A) Cost-effectiveness analysis (CEA).

10. Financing health care which is particularly suited for those aspects of healthcare that are considered private goods.

Correct Answer: D) User charges.

11. What term is used to define the extent to which an intervention produces desired outcomes

Correct Answer: A) Effectiveness.

12. What is a way to provide financial incentives to increase value in healthcare?

Correct Answer: C) Pay for prevention.

13. Which type of economic analysis is used to compare interventions across government expenditure?

Correct Answer: B) Cost-benefit Analysis (CBA).

14. "Why does healthcare cost so much?"

Correct Answer: C) Because people are willing to pay so much for it.

15. What is the aim of suppliers in a market according to economics?

Correct Answer: A) Maximize income.

16. As a state of complete physical, mental and social well-being, not merely the absence of disease or infirmity.

Correct Answer: B) Health.

17. What is the unit used to measure value in healthcare?

Correct Answer: B) Qualities.

18. Should the prospect of family members be considered in the analysis of the consequences?

Correct Answer: C) It depends.

19. What type of economic evaluation calculates the cost of one treatment versus another per specific benefit in natural units?

Correct Answer: B) Cost Effectiveness Analysis (CEA).

20. Refers to the society's pool of knowledge used in industry and agriculture.

Correct Answer: A) Technology.