Assignment:Health Care Economics Demand

Health Care EconomicsDemand is _________________Question 1 options:a)Not measureableb)Purely a function of supplyc)The amount of a good or service that people want to buy at a certain price for a given period of time.d)Not a factor in economicsSaveQuestion 2 (5 points)Economics is the Study of __________Question 2 options:a)Scarcity of resources or goodsb)The interaction of people in social situationsc)Biological systems in the environmentd)Human behavior under stressful situationsSaveQuestion 3 (5 points)Microeconomics is the study of ______, whereas macroeconomics is the study of ________.Question 3 options:a)The U.S. economy; the world economyb)Economics at the individual level, economics at a national level.c)Small markets; large marketsd)Small business economics, large business economicsSaveQuestion 4 (5 points)An increase in consumer incomes will: Question 4 options:a)Increase the demand for an inferior goodb)Increase the supply of an inferior goodc)Decrease the supply of a normal goodd)Increase the demand for a normal goodSaveQuestion 5 (5 points)Which of the following can increase the price of medical care even if the demand for medical care remains constant?

Assignment:Health Care Economics Demand

Assignment:Health Care Economics Demand

Question 5 options:a)An increase in preferences for herbal medicines among peopleb)Increase the cost of medical care which shifts the supply curve.c)Availability of high end technology in modern medical services.d)Decrease in the cost of medical care.SaveQuestion 6 (5 points)Which of the following factors DOES NOT lead to a shift in the demand curve for a particular product?Question 6 options:Its PricePrices of other goodsIncomeTastes and TrendsSaveQuestion 7 (5 points)When someone tries to do something that provides the most personal satisfaction, it is called ____________ by economists.Question 7 options:a)Selfishnessb)Irrational self-interestc)Greedd)Rational self-interestSaveQuestion 8 (5 points)What is the economic term when you consume a good up to a point when you no longer enjoy consuming it – such as eating too much ice cream?Question 8 options:a)Diminishing Marginal costb)Scarcity of resourcesc)You are over-satiatedd)Diminishing marginal utilitySaveQuestion 9 (5 points)Which of the following is not an element of the economic way of thinking?Question 9 options:a)Thinking at the marginb)Rational people respond to rational incentivesc)Use normative statementsd)Use assumptions to simplify complex behaviorSaveQuestion 10 (5 points)When lower risk individuals opt-out of health insurance coverage and higher-risk individuals choose to purchase insurance, what is this called?Question 10 options:a)Pre-existing conditionb)Expected valuec)Adverse selectiond)Moral HazardSaveQuestion 11 (5 points)What does the demand curve for health care services look like when someone has health insurance coverage?Question 11 options:a)Inelasticb)It is elastic and upward sloping.c)It is flat.d)It is elastic and downward sloping.SaveQuestion 12 (5 points)If the demand for bandages is relatively elastic, a 10 percent decline in the price of bandages will:Question 12 options:a)Decrease the amount demanded by more than 10 percentb)Increase the amount demanded by more than 10 percentc)Decrease the amount demanded by less than 10 percentd)Increase the amount demanded by less than 10 percentSaveQuestion 13 (10 points)What is the marginal principle? Provide an example of the marginal principle.Question 13 options:SaveQuestion 14 (10 points)Question 14 options: You have a part-time job at the library that pays $10 per hour, 4 hours per day on Saturdays and Sundays. Some friends want you to join them on a weekend ski trip leaving Friday night and returning Monday morning. They estimate your share of the gas, motel, lift tickets, and other expenses to be around $50. What is your total cost (considering opportunity cost) of taking the ski trip?SaveQuestion 15 (5 points)An advance in health care technology that lowers the cost of providing health care will shift he demand curve to right.Question 15 options:TrueFalseSaveQuestion 16 (5 points)By 2025, which of the following factors is expected to contribute the most to national health expenditures growth relative to GDP?Question 16 options:a)Lower growth rates in GDPb)Lower medical inflationc)Aging of the populationd)ACA coverage expansionsSaveQuestion 17 (5 points)Which of the following is the largest component (in dollar value) of healthcare spending in 2014?Question 17 options:a)Prescription Drugsb)Nursing Home and Continuing Care Facilitiesc)Physician and clinical servicesd)Hospital CareSaveQuestion 18 (5 points)Which of the following factors IS NOT a determinant of recent increases in national health expenditures.Question 18 options:a)Increased percentage of individuals with insuranceb)Growth in prescription drug expendituresc)Lower cost-sharing requirementsd)ACA health coverage expansions

You must proofread your paper. But do not strictly rely on your computer’s spell-checker and grammar-checker; failure to do so indicates a lack of effort on your part and you can expect your grade to suffer accordingly. Papers with numerous misspelled words and grammatical mistakes will be penalized. Read over your paper – in silence and then aloud – before handing it in and make corrections as necessary. Often it is advantageous to have a friend proofread your paper for obvious errors. Handwritten corrections are preferable to uncorrected mistakes.

Use a standard 10 to 12 point (10 to 12 characters per inch) typeface. Smaller or compressed type and papers with small margins or single-spacing are hard to read. It is better to let your essay run over the recommended number of pages than to try to compress it into fewer pages.

Likewise, large type, large margins, large indentations, triple-spacing, increased leading (space between lines), increased kerning (space between letters), and any other such attempts at “padding” to increase the length of a paper are unacceptable, wasteful of trees, and will not fool your professor.

The paper must be neatly formatted, double-spaced with a one-inch margin on the top, bottom, and sides of each page. When submitting hard copy, be sure to use white paper and print out using dark ink. If it is hard to read your essay, it will also be hard to follow your argument.

ADDITIONAL INSTRUCTIONS FOR THE CLASS

Discussion Questions (DQ)

Initial responses to the DQ should address all components of the questions asked, include a minimum of one scholarly source, and be at least 250 words.
Successful responses are substantive (i.e., add something new to the discussion, engage others in the discussion, well-developed idea) and include at least one scholarly source.
One or two sentence responses, simple statements of agreement or “good post,” and responses that are off-topic will not count as substantive. Substantive responses should be at least 150 words.
I encourage you to incorporate the readings from the week (as applicable) into your responses.
Weekly Participation

Your initial responses to the mandatory DQ do not count toward participation and are graded separately.
In addition to the DQ responses, you must post at least one reply to peers (or me) on three separate days, for a total of three replies.
Participation posts do not require a scholarly source/citation (unless you cite someone else’s work).
Part of your weekly participation includes viewing the weekly announcement and attesting to watching it in the comments. These announcements are made to ensure you understand everything that is due during the week.
APA Format and Writing Quality

Familiarize yourself with APA format and practice using it correctly. It is used for most writing assignments for your degree. Visit the Writing Center in the Student Success Center, under the Resources tab in LoudCloud for APA paper templates, citation examples, tips, etc. Points will be deducted for poor use of APA format or absence of APA format (if required).
Cite all sources of information! When in doubt, cite the source. Paraphrasing also requires a citation.
I highly recommend using the APA Publication Manual, 6th edition.
Use of Direct Quotes

I discourage overutilization of direct quotes in DQs and assignments at the Masters’ level and deduct points accordingly.
As Masters’ level students, it is important that you be able to critically analyze and interpret information from journal articles and other resources. Simply restating someone else’s words does not demonstrate an understanding of the content or critical analysis of the content.
It is best to paraphrase content and cite your source.
LopesWrite Policy

For assignments that need to be submitted to LopesWrite, please be sure you have received your report and Similarity Index (SI) percentage BEFORE you do a “final submit” to me.
Once you have received your report, please review it. This report will show you grammatical, punctuation, and spelling errors that can easily be fixed. Take the extra few minutes to review instead of getting counted off for these mistakes.
Review your similarities. Did you forget to cite something? Did you not paraphrase well enough? Is your paper made up of someone else’s thoughts more than your own?
Visit the Writing Center in the Student Success Center, under the Resources tab in LoudCloud for tips on improving your paper and SI score.
Late Policy

The university’s policy on late assignments is 10% penalty PER DAY LATE. This also applies to late DQ replies.
Please communicate with me if you anticipate having to submit an assignment late. I am happy to be flexible, with advance notice. We may be able to work out an extension based on extenuating circumstances.
If you do not communicate with me before submitting an assignment late, the GCU late policy will be in effect.
I do not accept assignments that are two or more weeks late unless we have worked out an extension.
As per policy, no assignments are accepted after the last day of class. Any assignment submitted after midnight on the last day of class will not be accepted for grading.
Communication

Communication is so very important. There are multiple ways to communicate with me:
Questions to Instructor Forum: This is a great place to ask course content or assignment questions. If you have a question, there is a good chance one of your peers does as well. This is a public forum for the class.
Individual Forum: This is a private forum to ask me questions or send me messages. This will be checked at least once every 24 hours.