Which of the following statements is true concerning the trend in hospital care between in-patient and out-patient services since the mid-1980s?
a. Both have been declining.
b. Out-patient services have been static while in-patient services have been declining.
c. Out-patient services have increased substantially because admissions are down.
d. Both have been growing.
e. There has been no noticeable trend in either in-patient or outpatient services.
QUESTION 2The relationship between changes in income and purchase of a good indicates
a. whether the good is a luxury or necessity.
b. whether the good is normal or inferior.
c. whether the good is a complement or substitute.
d. Both a and b.
QUESTION 3The features of the U-Form of firm organization are
a. workers have trouble developing a high degree of functional expertise
b. employees can easily share information across positions within a division
c. employee evaluation is hampered by managers having different skill sets than workers
d. coordination across divisions is simple and does not take much management time
QUESTION 4The dominant factor affecting medical care delivery and finance in the 1990s was
a. the Hill-Burton Act.
b. prospective payment for hospitals.
c. creation of Medicare and Medicaid.
d. the explosive growth of managed care.
e. ERISA.
QUESTION 5Demand functions are homogeneous of degree zero in all prices and income.. This means
a. a proportional increase in all prices and income will leave quantities demanded unchanged.
b. a doubling of all prices will not alter consumption decisions.
c. prices directly enter individuals' utility functions.
d. an increase in income will cause all quantities demanded to increase proportionately.
QUESTION 6The features of the U-Form of firm organization are
a. workers can easily develop a high degree of functional expertise
b. it is difficult for employees to share information across positions within a division
c. employee evaluation is hampered by managers having different skill sets than workers
d. coordination across divisions is simple and does not take much management time
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