Health Economics and the Expansion of the Healthcare Sector

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Questions and Answers

True or false: Health economics studies the allocation of resources to and within the health sector.

True (A)

True or false: Health economics helps to understand difficult trade-offs involved in organizing the allocation of healthcare resources.

True (A)

True or false: Economics does not apply to health care.

False (B)

True or false: Demand response for mental care is similar to economic curves with downward sloping.

True (A) Signup and view all the answers

True or false: Healthcare resources are abundant and easily distributed.

False (B) Signup and view all the answers

Explain the relevance of health economics in the healthcare sector.

Health economics provides concepts and tools to understand difficult trade-offs involved in organizing the allocation of healthcare resources, which may help to improve health policy and health system designs. Signup and view all the answers

What does health economics study?

Health economics studies the allocation of resources to and within the health sector. Signup and view all the answers

What is the demand response for mental care?

The demand response for mental care refers to the behavior of individuals facing higher prices, who demand less care. Signup and view all the answers

Why is health care different?

Health care is different because healthcare resources are scarce and need to be produced and distributed. Signup and view all the answers

What are the implications of health care being different?

The implications of health care being different include the need to understand the trade-offs involved in resource allocation and the design of health policies and systems. Signup and view all the answers