Palaro Flashcards
(26 cards)
1
Q
- What is the term for doctors making decisions on behalf of patients?
A
Perfect agents
2
Q
- What term describes people benefiting from public goods without paying?
A
Free rider
3
Q
- They describe the nonprofit hospital as a “physicians’ cooperative,” assuming that the hospital is controlled by a physician staff who operate the hospital to maximize their net incomes.
A
Mark Pauly and Michael Redisch
4
Q
- True or False. The Quantity-Quality theory was proposed by Newhouse
A
True
5
Q
- What is induced when doctors recommend care beyond what is medically necessary?
A
Supplier-Induced Demand
6
Q
- They are the ones who make those choices and recommendations on behalf of the patients that the patients themselves would have made if they had the same information.
A
Perfect Agents
7
Q
- It means that people cannot be economically excluded from consuming the good even if they refuse to pay for it.
A
Nonexcludable
8
Q
- True or False. Nonprofits never respond to economic incentives
A
False
9
Q
- What model views hospitals as mixes of altruism and profits?
A
Profit Deviating Nonprofit Hospital
10
Q
- A fix total payment for a physician’s service
A
Capitation
11
Q
- What curve is formed when labor is plotted against different wage levels?
A
Backward Bending Labor supply curve
12
Q
- Who introduced the benchmark model of physician’s practice?
A
McGuire and Pauly (1991)
13
Q
- What effect causes physicians to work more when wages drop
A
Substitution Effect
14
Q
- True or False. A doctor recommending more check-ups could sometimes be beneficial
A
True
15
Q
- True or False. A vaccination only provides private benefits
A
False
16
Q
- Richard Steinberg’s (1986, 1987): which argues that donations to public goods motivate the donor as both private and public goods. If you donate toward the health of a poor person, you may get a ______________.
A
warm glow
17
Q
- True or False. Private firms are usually better at addressing public goods than nonprofits
A
False
18
Q
- The hospital’s objective was to maximize the utility of the decision makers.
A
Altruistic firm
19
Q
- In __________, patients are required to register with a physician, creating a patient list for each physician.
A
Norway
20
Q
- Physicians respond to ____________on their practice by striving to increase their incomes
A
income pressure
21
Q
- What constraint prevents profit distribution in nonprofits?
A
nondistribution constraint
22
Q
- True or FalsePublic goods are nonrival and nonexcludable
A
True
23
Q
- What agency problem arises because physicians have more knowledge than patients
A
Asymmetric Information
24
Q
- The physician’s habit of treatment choices beliefs about efficacies and patterns of practices are seen as ________________
A
Style
25
25. It could be measured in several ways, but assume we measure it by the number of cases treated.
Quantity of output
26
26. True or False. Only government has the power to force consumers to pay
True
