CHAPTER 1 CHOICES: MONEY, MEDICINE, AND HEALTH

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HCS 440 week 1
CHAPTER 1 CHOICES: MONEY, MEDICINE, AND HEALTH

  1. Who is made better off: the surgeon or the patient?
  2. Why does health care cost so much?
  3. Are there futures contracts in health care?
  4. Why is health care bought and sold differently from other goods and services?

 
CHAPTER 2: DEMAND AND SUPPLY

  1. Can better quality actually decrease demand?
  2. Which is most sensitive to price changes: one person, one firm, or the whole market?
  3. Is the price of a treatment determined by the cost or production? Or by the benefits it produces? Measured in total, on average, or at the margin?
  4. Do politicians face demand curves?

 
 

  • Please answer each questions with 150 word with 3 references

 

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