Identify and explain 4 of the difficulties in making cross-country comparisons in health care outcomes
What will be an ideal response?
Data problems: Countries do not always collect data on diseases and other health problems in the same way, so consistency problems can arise.
Problems with measuring health care delivery: Outcomes of many medical activities can be difficult to measure.
Problems with distinguishing health care effectiveness from lifestyle choices: Health care outcomes depend not only on the effectiveness of doctors and hospitals in delivering medical services, but also on individual's choices.
Problems with determining consumer preferences: In the market for health care, governments play a dominant role in supplying the service in most countries, so the cost of the service is not fully reflected in its price.
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If a price hike of 5 percent increases the quantity demanded of another good by 2 percent, the goods must be ________ and the cross elasticity of demand equals ________
A) substitutes; 0.40 B) substitutes; 2.5 C) complements; 0.40 D) complements; 2.5
The interest rate that describes how well a lender has done in real terms after the fact is called the
A) ex post real interest rate. B) ex ante real interest rate. C) ex post nominal interest rate. D) ex ante nominal interest rate.
If the nominal GDP is $12,000 in 2005 and $15,000 in 2006, and if inflation is 10% between these years, then
a. employment fell between 2005 and 2006. b. real GDP fell between 2005 and 2006. c. real GDP rose between 2005 and 2006. d. the economy experienced no growth between these years. e. everyone is rich now than they were before.
Which of the following is included in GDP?
a. a U.S. company purchasing stock of a foreign company b. a foreign company purchasing stock of a U.S. company c. a U.S. company purchasing stock of another U.S. company d. None of the above.