Health Economics Problem Sets
1. What are the likely consequences on the U.S. market for tobacco products of the
events listed below?
a. Does the supply curve or the demand curve shift? In which direction?
b. State whether the equilibrium price
Practice Questions for
1. What are the likely consequences of the following events on the U.S. market for cosmetic
surgery? For each event (i, ii, iii, iv and v), answer a), b), and c), questions below.
a. Does the supply cur
HADM 5333 Health Economics Problem Sets
1. In the year 2006, in Anytown, Texas, suppose that one person is willing to pay
$1,000 for relief from hay fever; another two are willing to pay $350; about five
more are willing to pay $50; one is willing to pay
1. Calculating costs in an economic evaluation is very important. Classify the following costs
as direct (D), indirect (ID), or intangible (IT).
Grief and anxiety
Home health care services
Informal care performed by
Chapter 2 Multiple Choice
1. An inferior good
a. has a negative income elasticity.
b. is one where the demand curve shifts to the left when income goes up.
c. exists only in theory.
d. is a low-quality good.
e. Both a and b are true.
2. Which of the follo
Chapter 6 Multiple Choice Questions
1. Early in U.S. history health insurance was provided to cover
a. income loss due disability or disease.
b. hospital expenses.
c. routine physicians services.
d. the catastrophic cost of medical care including hospital
1. The table below represents the costs and benefits of four alternative programs designed to
treat a life-threatening disease that afflicts all people over the age of 18 (children are immune to
Homework: Write-up a short (1 page) description of your day and the public health implications.
The alarm clock ringed at 6:00 am every morning, I had to wake up early to avoid traffic
jams. As soon as I got out of bed and went straight to the b
Since we have observed that heart disease is correlated with lower income. I am
proposing that comparing a group of families who receive health education; versus a group
families who receive just fundings over a s
Chapter 1 Multiple Choice Questions
1. Opportunity cost is a measure of
a. foregone opportunities.
b. value based on the alternative not chosen.
c. value in terms of the cost of production.
d. the difference between production cost and resource cost.
Documented problem solving
If the price elasticity of demand for a product is equal to 1, then a
decrease in price will cause:
a) An increase in total revenue.
b) A decrease in total revenue.
c) No change in total revenue.
d) An increase in to
Health Care Insurance Example
1. Suppose Elizabeth has the following utility of income function:
Without insurance Elizabeth receives income of 50 with probab
Children with Heart Disease the Preventable Epidemic
According to Center of Disease Control, every day, 2,200 people die from
cardiovascular diseases-that's nearly 800,000 Americans each year, or 1 in ev
The MORAL-HAZARD Myth
The article profoundly highlights the issues surrounding tooth decay and its inherent
relation with health insurance as well as the moral hazard health insurance construe.
Two known researchers Sered and Fernandopulle went a step fur
An Examination of Healthcare Costs in America
Author John Green has made an attempt through his video to explain why the
healthcare is high-priced in America. We, the Americans are the highest tax payers than
any other country like UK, Canada, Australia o
Other people or free money?
I am convinced with the fact that nobody spends other people money the way they
spend their own money. Individuals become rational, their preferences change when it
comes to other people money. When it comes to their own money
Does Legalization of Abortion lowers the Crime rate?
Amidst several factors portrayed to have lowered crime rates after 1991 to 1998 in US,
the article is particularly inclined towards legalization of abortion as the dominant factor.
Although better polic