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Health Economics Quiz

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1. Which of the following best describes the concept of elasticity in health economics?

2. Which principle explains the observation that insured individuals might consume more healthcare services than they would if they were paying the full cost out-of-pocket?

3. What does the term 'capitation' refer to in healthcare financing?

4. In the context of health economics, what is meant by the term 'opportunity cost'?

5. Which of the following best describes 'cost-effectiveness analysis' in healthcare?

6. What concept is most closely associated with the reduction in the average cost of care per patient as the volume of patients increases?

7. What does 'QALY' stand for, and what does it measure in health economics?

8. Which of the following best describes the 'public goods' dilemma in the context of health economics?

9. What is the primary objective of 'universal health coverage' (UHC)?

10. How does 'adverse selection' impact health insurance markets?