Mr. Dlanod Pmutr, an employer, decides to offer $2,000 to each employee

QUESTION

QUESTION 11. Mr. Dlanod Pmutr, an employer, decides to offer $2,000 to each employee as Christmas bonus in lieu of replacing or fixing the slippery floor in his butcher shop. The 50 employees readily agree. If the odds of slipping, getting caught in one of the machines and dying from it is 1 in 3,000, how much is 1 life being valued here?a.not enough information to determine thatb.$23 millionc.$432 milliond.$6 millionQUESTION 2Using the same numbers in Question 1 but now assume 200 employees, how much is one life being valued?a.not enough information to answer the questionb.$24 millionc.$12 milliond.$6 millione.none of the aboveQUESTION 3Mr. Ilerkhs who owns a chemical processing plant decides to give a total bonus of $1 million to be divided equally among its employees instead of replacing the old cables connecting the machineries to their electric sources. The odds of a malfunction killing an employee is 1 in 1,000. The employees even rejoiced when this was announced. How much is an employee valuing his own life in this situation?a.$1 trillionb.$6 millionc.not enough information givend.none of the aboveQUESTION 4For questions 4 to 6:In a queueing situation for a medical service withU patients (Those who really need the service)W patients (Those who can do without the service)These patients have different income levels.(i) what would be the advantage?(ii) and disadvantage?a.(i) patients who really need it are able to line up;(ii) patients who are poor and really need it are able to line upb.(i) patients who are poor and really need it are able to line up;(ii) patients who do not really need the service can be treated first before those who really need the service;c.(i) patients who do not really need the service can be treated first before those who really need the service;(ii) patients who are poor and really need the service are able to line upd.(i) patients who do not really need the service can be treated first before those who really need the service;(ii) patients who do not really need the service are able to line upQUESTION 5From the previous question, if a monetary fee is required for the right to lineup what would be the impact?what would be the advantage?a.those who really need it and can afford the fee will stay;b.those who do not really need the service and cannot afford the fee will be driven out;c.those who do not really need but can afford the fee will stay;d.those who really need it but cannot afford the fee will be driven out;e.a and bQUESTION 6What would be the advantage of a monetary fee?a.those who really need it and can afford the fee will stay;b.those who do not really need the service and cannot afford the fee will be driven out;c.those who do not really need but can afford the fee will stay;d.those who really need it but cannot afford the fee will be driven out;e.c and dQUESTION 7For the Bismarck modela.most providers are government employeesb.most providers are privatec.prices are not highly regulatedd.financing is NOT based on taxatione.none of the aboveQUESTION 8Which of the following is true?a.In the UK system, there is no gatekeeperb.In the German system, most hospitals are publicc.In the UK system, employees join sickness fundsd.none of the aboveQUESTION 9Which of the following can improve or shorten wait times for queueing for medical services?a.increasing demandb.decreasing demandc.increasing supplyd.a and ce.b and cQUESTION 10If people lose their jobs, people keep their health insurance as they are regrouped into a government safety net where they will continue to get insurance until they find another job. This is not the case in which country?a.Germanyb.Japanc.USAd.all of the abovee.none of the above

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