Question

1.Which are factors that explain why health care regulations are likely to be imperfect? (Select all that apply) a. Decision making in health care is decentralized and individualized b. Conflicts exist between regulatory and financial incentives c. Consumers are vulnerable due to rational ignorance d. Regulated groups tend to take control over the administration of regulations that affect them 2. Which are government remedies for market failure? (Select all that apply) a. Assignment of property rights b. Public production c. Subsidies d. Regulation e. Taxes 3. What policy instruments are used to achieve the policy objectives under the public-interest theory of government? (Select all that apply) a. Intimidation b. Expenditure c. Taxation d. Regulation 4. Which are examples of public goods? (Select all that apply) a. Food b. National defense c. Clothing d. Street lighting e. A cable television broadcast f. Clean air

Answer 1

1. Factors that explain why health care regulations are likely to be imperfect

a. Decision making in health care is decentralized and individualized

b. Conflicts exist between regulatory and financial incentives

d. Regulated groups tend to take control over the administration of regulations that affect them

2. government remedies for market failure

a. Assignment of property rights

c. Subsidies

e. Taxes

3. policy instruments that are used to achieve the policy objectives under the public-interest theory of government are

c. Taxation

d. Regulation

4. examples of public goods : public goods are those goods which are non rival and non exhaustable in nature.

b. National defense

d. Street lighting

e. Cable television broadcast

f. Clean air