How does a market economy typically "For whom to produce dental services?" A.By market analysis and patient surveys B.Based on government mandates and funding availability C.According to cultural norms and communal health practices D.By competitive pressures from other dental clinics

What is the fundamental problem of economics? A.How to keep people healthy? B.How to fulfill our unlimited wants and needs with limited resources? C.How to figure out the way to make the most money? D.How do we ensure all people get a college education?

How does horizontal equity influence the allocation of dental health resources? A.By ensuring that individuals with different needs receive the same level of care B.By allocating resources based on the severity of each patient's dental condition C.By ensuring that patients with the same dental healthcare needs receive identical treatment D. By focusing on cost effectiveness over fairness in treatment

How does horizontal equity influence the allocation of dental health resources? A.By ensuring that individuals with different needs receive the same level of care B.By allocating resources based on the severity of each patient's dental condition C.By ensuring that patients with the same dental healthcare needs receive identical treatment D.By focusing on cost effectiveness over fairness in treatment

Which scenario best exemplifies productive efficiency in a dental clinic setting? A.Allocating more funds to research and development than to patient care Using the least amount of dental B.resources to provide high-quality patient care at the lowest possible cOst C. Treating all dental patients with the same level of care regardless of the severity of their condition D.Providing the highest salaries to dental healthcare providers to attract the best talent

Which example best demonstrates the * effective use of land, labor, capital, and entrepreneurship in achieving economic success? A.traditional bookstore that only sells books in-store. B.a tech startup that develops innovative software using a team of skilled programmers, high- performance computers, and rented office space, led by a visionary founder. C.A farmer who only relies on manual labor without any machinery. D.A small business that doesn't invest in any form of capital improvement.

Jane is a dental student who has to choose between studying for her upcoming exams or working part-time at a dental clinic to gain practical experience. If she chooses to study, she will improve her grades but miss out on the income and experience from the clinic. What is the opportunity cost of Jane choosing to study for her exams? a. The potential income she could have earned at the clinic B.The satisfaction she gains from improving her grades C.The time she spends studying instead of working D.The additional sleep she gets by not working

Which of the following best describes * allocative efficiency in the context of dental health resource allocation? A.Producing the maximum quantity of dental services regardless of the cost B.Ensuring that dental health resources are distributed to produce the highest possible value of dental health

How does a traditional economic system impact the allocation of dental health resources? A.Resources are allocated based on market demand B.Resources are allocated according to historical practices and community traditions C.The government centrally controls the allocation of resources D.Resources are allocated based on competition and profit maximization

Which of the following would be a microeconomic factor influencing the dental profession? A.National inflation rates affecting the cost of dental supplies B.Government funding for dental health programs C. Individual patient preferences for different types of dental treatments D. International trade agreements impacting dental equipment imports

In a market economy, how are dental services typically priced and allocated? A.Prices and allocation are determined by goverment regulations B. Prices and allocation are based on cultural traditions and norms C.Prices and allocation are determined by the interactions of supply and demand • Prices and allocation are set by

Which of the following best describes vertical equity in dental healthcare resource allocation? A.Equal distribution of dental health resources to all patients regardless of their condition B.Providing more resources to patients with greater dental healthcare needs C.Allocating resources based on a first- come, first-served basis D.Distributing dental health resources based on geographic location

Which of the following scenarios best * illustrates the economic concept of rent in relation to land as an economic resource? A. A dentist pays for the electricity used in their clinic. B. company purchases new dental equipment. C.A dentist pays for the rental of the building where the clinic is located. D.A dentist pays wages to their assistant.

How does a market economy typically "For whom to produce dental services?" A.Dental services are provided equally to all members of society B.Dental services are distributed based on patients' insurance coverage and ability to pay C.Dental services are allocated •D.according to government policies aimed at equal access

Scarcity is a condition where resources are not enough to satisfy human needs and wants. What does scarcity force us to do? A. Increase resource production to eliminate scarcity B.Ration resources equally among all individuals C.Make choices about how to allocate limited resources efficiently D. Ignore less important needs and focus only on essential ones

of complete physical, mental, and social well-being, not merely the absence of disease or infirmity? A.healthcare efficiency B. equity C. health D.preventive care

In a traditional economy, how is "What * dental services to produce and how much?" decided ? A.By market analysis and patient surveys B.Based on government mandates and funding availability C.According to cultural norms and communal health practices

What are the two important elements that must be present to constitute demand? A• Price and quantity B Wilingness to buy and purchasing power • c Supply and demand D Income and price

Which statement best explains why graphs are useful for visualizing relationships between variables? •A Graphs are easy to draw. B. Graphs allow for precise measurements. C.Graphs incorporate numbers and show visual relationships. D.Graphs do not require any calculations.

Imagine you are the manager of a dental clinic. The government has just announced a significant subsidy for clinics that adopt eco-friendly practices, including the use of biodegradable materials. Considering this subsidy, how would you adjust your clinic's supply of dental services, and what rationale would you provide to your staff? A.Increase the supply of dental services to capitalize on the subsidy and attract eco-conscious patients. B.Decrease the supply of dental services to • focus on quality improvements associated with eco-friendly practices. C Maintain the current supply level but •highlight the eco-friendly practices in marketing efforts. D. Hold off on any changes until the long-term impact of the subsidy is clear.

If a dataset shows an increase in Y as X decreases, which type of relationship is depicted? • Functional relationship • Direct or positive relationship C. Inverse or negative relationship • No relationship

If a demand curve is downward sloping, what does this indicate about the relationship between price and quantity demanded? • Positive relationship © Negative relationship No relationship • Constant relationship

What does the Law of Demand state about the relationship between price and quantity demanded? • They are directly related . They are inversely related • They are not related • They are equally proportional

Given a table of values for X and Y, which graph best represents a direct relationship between the two variables? . Upward sloping curve • Downward sloping curve • Horizontal line • Vertical line

A dental supply company has overestimated the demand for a new type of dental equipment and produced a large surplus. How should the company adjust its pricing strategy based on the law of supply and demand? A.Increase the price to cover the costs of overproduction. B.Decrease the price to encourage more sales and reduce the surplus. • Maintain the current price and wait for the demand to increase. O Discontinue the product to prevent

A new dental clinic opens in a city where the demand for dental servic is high due to an increasing population, but the number of existing dental clinics is limited. Based on the law of supply and demand, what is the most likely effect on the price of dental services in this city? A.Prices will decrease due to the openingof the new clinic, leading to a surplus of services. B.Prices will increase because the new • clinic will not meet the high demand, maintaining a shortage of services. C.Prices will remain constant because the new clinic will balance the market. D.Prices will fluctuate until the market X reaches a new equilibrium.

Which type of real-world scenarios would you graph to show a direct or positive relationship, and how would you set up your graph? A.Relationship between study hours and exam scores B.Relationship between temperature and heating costs C.Relationship between exercise time and calorie intake D. Relationship between

Why is it important to understand the type of relationship (direct or inverse) between variables when interpreting graphs? A. To determine the independent variable B.To accurately predict changes in one V variable based on changes in the other C. To identify the origin D. To draw a perfect graph

Which of the following correctly depicts a functional relationship on a graph? A.A curve where both variables change v in the same direction B. A straight line where one variable remains constant C. A series of disconnected points D.Any graphical representation

A dental clinic notices a significant increase in the number of patients seeking cosmetic dentistry procedures due to a recent surge in public awareness and demand. However, the cost of dental materials for these procedures has also increased substantially. Which of the following is the most likely outcome for the supply of cosmetic dentistry services at this clinic? A.Supply will increase due to higher demand and the clinic's desire to capitalize on it. B.Supply will decrease as the higher cost of inputs discourages the clinic from offering these services. C.Supply will remain constant as the clinic O will absorb the cost increase without adjusting the number of services provided. D. Supply will increase as the clinic expects • future prices for cosmetic procedures to rise even further.

What does a downward sloping curve on a graph indicate about the relationship between the variables? • Direct or positive relationship .Inverse or negative relationship • No relationship • Functional relationship

Given a demand function Qd = 30 - *2/2 0.5P, what is the quantity demanded when the price is P10? A. 25 B.20 C 15 •d.10 • Option 5

Suppose a city with numerous dental clinics experiences a sudden drop in population due to economic migration, leading to a decrease in demand for dental services. According to the law of supply and demand, how should dental clinics in the area respond to this change in market conditions? A.Increase prices to compensate for the • loss of patients. B.Decrease prices to attract the remaining patients and avoid surplus. C.Maintain current prices and hope the market stabilizes. D.Reduce the number of services

Suppose a city with numerous dental clinics * experiences a sudden drop in population due to economic migration, leading to a decrease in demand for dental services. According to the law of supply and demand, how should dental clinics in the area respond to this change in market conditions? A. Increase prices to compensate for the loss of patients. B.Decrease prices to attract the remaining patients and avoid surplus. C.Maintain current prices and hope the market stabilizes. D. Reduce the number of services offered to avoid creating a surplus.

Given a demand function Qd = 30 - 0.5₽, what is the quantity demanded when the price is P10? A. 25 B. 20 C 15 D 10 • Option 5

What does a downward sloping curve on a graph indicate about the relationship between the variables? A.Direct or positive relationship B. Inverse or negative relationship C. No relationship D.Functional relationship

Which statement best explains why graphs are useful for visualizing relationships between variables? A. Graphs are easy to draw. B. Graphs allow for precise measurements. C.Graphs incorporate numbers and show visual relationships. D. Graphs do not require any calculations.

What are the two important elements that must be present to constitute demand? A.Price and quantity B.Willingness to buy and purchasing power C. Supply and demand D. Income and price

Imagine you are the manager of a dental clinic. The government has just announced a significant subsidy for clinics that adopt eco-friendly practices, including the use of biodegradable materials. Considering this subsidy, how would you adjust your clinic's supply of dental services, and what rationale would you provide to your staff? A.Increase the supply of dental services to capitalize on the subsidy and attract eco-conscious patients. B.Decrease the supply of dental services to • focus on quality improvements associated with eco-friendly practices. C.Maintain the current supply level but • highlight the eco-friendly practices in marketing efforts. D. Hold off on any changes until the long- term impact of the subsidy is clear.

If a demand curve is downward sloping, what does this indicate about the relationship between price and quantity demanded? A.Positive relationship B.Negative relationship • No relationship • Constant relationship

If a dataset shows an increase in Y as X decreases, which type of relationship is depicted? • Functional relationship • Direct or positive relationship .Inverse or negative relationship • No relationship

Given a table of values for X and Y, which graph best represents a direct relationship between the two variables? A Upward sloping curve B. Downward sloping curve C. Horizontal line D.Vertical line

What does the Law of Demand state about * the relationship between price and quantity demanded? A.They are directly related B.They are inversely related C.They are not related D.They are equally proportional

A dental supply company has overestimated the demand for a new type of dental equipment and produced a large surplus. How should the company adjust its pricing strategy based on the law of supply and demand? A. Increase the price to cover the costs of overproduction. B.Decrease the price to encourage more sales and reduce the surplus. C. Maintain the current price and wait for the demand to increase. D.Discontinue the product to prevent further • losses.

Given a table with X and Y values where X *increases from 1 to 10 and Y decreases from 50 to 5, which graph would best represent this data? • An upward sloping curve . A downward sloping curve • A horizontal line • A vertical line

When analyzing a graph with an upward sloping curve, what conclusion can you draw about the relationship between the variables? • There is no relationship • The relationship is inverse or negative . The relationship is direct or positive • The relationship is non-functional

A new dental clinic opens in a city where the demand for dental services is high due to an increasing population, but the number of existing dental clinics is limited. Based on the law of supply and demand, what is the most likely effect on the price of dental services in this city? Prices will decrease due to the opening of • the new clinic, leading to a surplus of services. Prices will increase because the new clinic • will not meet the high demand, maintaining a shortage of services. O Prices will remain constant because the new clinic will balance the market. • Prices will fuctuate until the market reaches a new equilibrium.

Which type of real-world scenarios would you graph to show a direct or positive relationship, and how would you set up your graph? A.Relationship between study hours and exam scores B. Relationship between temperature and heating costs C. Relationship between exercise time and calorie intake D. Relationship between rainfall and drought severity

Which of the following correctly depicts a functional relationship on a graph? A.curve where both variables change in the same direction B. A straight line where one variable remains constant C. series of disconnected points D. Any graphical representation without regard to the variables

Why is it important to understand the type of relationship (direct or inverse) between variables when interpreting graphs? • To determine the independent variable • To accurately predict changes in one variable based on changes in the other • To identify the origin • To draw a perfect graph

A dental clinic notices a significant increase in the number of patients seeking cosmetic dentistry procedures due to a recent surge in public awareness and demand. However, the cost of dental materials for these procedures has also increased substantially. Which of the following is the most likely outcome for the supply of cosmetic dentistry services at this clinic? A. Supply wil increase due to higher demand and the clinic's desire to capitalize on it. B.Supply will decrease as the higher cost of © inputs discourages the clinic from offering these services. C.Supply will remain constant as the clinic O will absorb the cost increase without adjusting the number of services provided. D.Supply will increase as the clinic expects • future prices for cosmetic procedures to rise even further.

The productive resources needed for the production of goods and services Capital Economics Entrepreneur Factors of production Labor Land Macroeconomics Microeconomics Opportunity cost Scarcity

Capital Economics Entrepreneur Factors of production Labor Land Macroeconomics Microeconomics Opportunity cost Scarcity ___________________________ 1. A condition facing all societies because there not enough productive resources to satisfy people’s unlimited wants.

. Capital Economics Entrepreneur Factors of production Labor Land Macroeconomics Microeconomics Opportunity cost Scarcity The study of the individual parts of the economic

Capital Economics Entrepreneur Factors of production Labor Land Macroeconomics Microeconomics Opportunity cost Scarcity The study of how individuals and society choose to use limited resources in an effort to satisfy unlimited wants

Capital Economics Entrepreneur Factors of production Labor Land Macroeconomics Microeconomics Opportunity cost Scarcity Human-made productive resources, such as machineries that are necessary for the production of economic goods and services

The value of the best alternative passed up for the chosen item or activity Capital Economics Entrepreneur Factors of production Labor Land Macroeconomics Microeconomics Opportunity cost Scarcity

Physical and mental effort used to produce goods and services Capital Economics Entrepreneur Factors of production Labor Land Macroeconomics Microeconomics Opportunity cost Scarcity

It is a study of the behavior of the economy as a whole. Capital Economics Entrepreneur Factors of production Labor Land Macroeconomics Microeconomics Opportunity cost scarcity

Productive resources that are provided by nature Capital Economics Entrepreneur Factors of production Labor Land Macroeconomics Microeconomics Opportunity cost Scarcity

The organizer of the other economic resources for use in the production of goods and services. Capital Economics Entrepreneur Factors of production Labor Land Macroeconomics Microeconomics Opportunity cost Scarcity

Using our resources to produce medical needs for COVID-19 patients and fewer for infrastructure projects is an example of: a) economics growth c) equity b) allocative efficiency d) productive efficien

2. Decisions are based on customs and practices upheld over the years and past on from one generation to another a) command b) market c) mixed d) traditional

Secretaries should be scheduling for patients’ appointments and physicians should be doing accurate diagnosis and treatment to patients is an example of: a) allocative efficiency c) equity b) economic growth d) productive efficiency

When allocative efficiency is not achieved is it considered wasteful? a) No c) Depends on the society b) Yes d) Depends on the firm

An authoritative system wherein decision-making is centralized in the government. a) command b) market c) mixed d) traditional

What type of products are made using the principle of allocative efficiency? a) Those demanded by society c) Those the company thinks are better for society D.that are large in size b) Those not wanted by society

Who controls the factor of production in a planned economy? a) the citizens c) the entrepreneurs b) the businesses d) the government

Who is more powerful in decision making in a free market economy? a) consumers b) governmentc) producers d) firms

The type of economy most countries in the world have A.command B.market C.mix D.trafitional

is the optimal use of productive health care resources at a lowest possible cost and no possible waste occur

Health equity implies that everyone should have a fair opportunity to attain their full health potential and no one should be disadvantage from achieving this potential

True or false

Healthcare services are sought as an intermediate to achieve better health

Individuals rely on health professionals, mainly physicians, for decision making on the demand for healthcare services

Health is not a marketable product. It is possible to swap “good health” between customers

patient who seeks medical care would not be able to make a rational decision as he has no perfect information about his condition and need

Demand for health care services is a consumption commodity, consuming health care makes people feel better.

The Demand for the rise and fall in the health care services is limited and defined by the consumers.

Health Care related services are altogether dependent from the increase brought about by the increase of demand in health care services

Implied in the Law of Demand is that, the demand for goods or services is inversely related to the prices defined to these goods or services.

The Consumers’ Income, as a determinant of demand refers to the condition wherein consumers will opt for other products given that the other products do not render similar results that they wished.

The quantity demanded for any good or service is affected by the changes in the prices of related goods and services

Complementary Goods is a type of Related Good/Service by which they could be utilized in place of certain commodities which are chosen by consumers for certain factors such as availability or price

The demand for health care providers is an independent phenomenon in health economics

As the number of people in a certain area increase, the demand for goods and services is likely to decline, reflecting the inverse relation of population and more product demands

Under the Law of Demand, the inverse relationship of prices of goods and services and demand exists only given that all other factors are variable

this refers to the physical body of man. It means from head to foot. A regular exercise as one way of maintaining one’s health is a good example.

It is the mental capacity of man in having a positive outlook in one’s health like having perception of being healthy and having positive outlook in life.

means the capability of an individual to express his own feelings and develop his personal relationship with other people. How to get along with others is a good example.

connotes the ability to show concern and support to other people at all times. Constant communication with friends, and other people in community is an example.

individual’s capacity and ability to express his spiritual maturity and moral integrity.

the capacity to accept your sexuality, including your sexual preference like being a male or female, gay or lesbian