McKeown's (1976) research attributed the majority of the secular decline in mortality rates in Europe and North America to
a. better nutrition and housing.
b. improved sanitary conditions.
c. clean water and waste disposal.
d. reduced exposure to diseases.
e. better medical care.
QUESTION 2A nonexclusive good is a good which:
a. is sold in low-price markets.
b. is impossible to keep people from enjoying the benefits the good provides.
c. is produced by a perfectly competitive firm.
d. is produced at the lowest possible cost.
QUESTION 3The components of a well-run incentive compensation scheme include all of the following EXCEPT
a. evaluating the identified performance measures
b. avoiding rewards for outcomes that are not included in the performance measures
c. rewarding workers who for meet performance measures
d. displaying the wealth disparities between the executives and the line workers
QUESTION 4If health care spending is already on the flat-of-the-curve, it may not be possible to buy improved health status by increasing spending. In this situation, the best way to improve health status may be to
a. increase the availability of government health insurance.
b. invest in biotechnology to determine the genetic factors that improve health.
c. improve life-style decisions by reducing smoking, alcohol consumption, and drug use.
d. improve access to medical care.
e. improve overall educational attainment so people can better follow the advice from the medical community.
QUESTION 5If bargaining is costless, the assignment of property rights for an externality:
a. has no impact on the possibility of an efficient outcome and no distributional impact.
b. has no impact on the possibility of an efficient outcome but does have a distributional impact.
c. does have an impact on the possibility of an efficient outcome but has no distributional impact.
d. does have an impact on the possibility of an efficient outcome and does have a distributional impact.
QUESTION 6The components of a well-run incentive compensation scheme include all of the following EXCEPT
a. evaluating the identified performance measures
b. avoiding rewards for outcomes that are not included in the performance measures
c. demonstrating that evaluators can be influenced with small favors
d. identifying the relevant measures on which to evaluate employees