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QUESTION 1 1- Which program has the highest expenditure per enrollee in the US? ( ) Medicaid ( ) Medicare ( ) Employer-sponsored health insurance ( ) Non-group health insurance 1 points [Save Answer] QUESTION 2 1- Which statement is correct about US expenditure on health care in 2008? ( ) One out of every six dollars spent in the U.S. was spent on health care ( ) One out of every eight dollars spent in the U.S. was spent on health care ( ) One out of every four dollars spent in the U.S. was spent on health care ( ) One out of every ten dollars spent in the U.S. was spent on health care 1 points [Save Answer] QUESTION 3 1- Which of the following options is incorrect about US health care? ( ) Health care spending as a share of GDP has been steady from 2008 to 2012 ( ) The projected health care spending as a share of GDP in 2025 is lower than the current share. ( ) Increase in life expectancy is one of the reasons of increase in health care costs ( ) US is categorized as a country with high health care costs 1 points [Save Answer] QUESTION 4 1- Demand falls by 3 percent for every 10 percent increase in the price of health care services. How much is the absolute own price elasticity of demand for health care? ( ) 0.3 ( ) -3.33 ( ) 3.33 ( ) -0.3 1 points [Save Answer] QUESTION 5 1- The demand for healthcare is ……………. if the own price elasticity of demand is -0.2. ( ) Elastic ( ) Inelastic ( ) Unitary elastic ( ) None of the above 1 points [Save Answer] QUESTION 6 1- US demand for health care is ( ) Downward sloping ( ) Sensitive to the price of health care ( ) Inelastic ( ) All of the above 1 points [Save Answer] QUESTION 7 1- What share of the healthcare spending the US government is responsible for? ( ) One third ( ) One fifth ( ) Half ( ) Almost all the costs 1 points [Save Answer] QUESTION 8 1- Which graph shows a perfectly inelastic demand? ( ) ( ) ( ) ( ) 1 points [Save Answer] QUESTION 9 1- The findings of which study design is most reliable? ( ) Natural experiments ( ) Observational studies ( ) Randomized experiments ( ) None of the above 1 points [Save Answer] QUESTION 10 1- Which of the following options is correct about the RAND Health Insurance experiment ( ) It only includes low-income individuals ( ) The sample is limited to one state ( ) The experiment started mid 70s. ( ) There are only two groups of health plans; free and full cost plans 1 points [Save Answer] QUESTION 11 1- Which of the following statement is true? ( ) Unlike with most types of goods, deriving a demand curve for health care is quite simple because people rarely skimp on health care. ( ) The Oregon Medicaid Experiment is not truly “randomized” because lottery winners did not all end up with insurance, and some lottery losers did end up with insurance. ( ) The RAND study was especially useful for measuring price elasticities because it randomly assigned insurance plans to participants (as opposed to letting them choose). ( ) None of the above

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