ANSWERS(RATED A+)
Suppose you must rely exclusively on cost-effectiveness analysis (CEA) to determine
whether a category of people receives an expensive, potentially life-saving, intervention.
Which of the following considerations must you keep in mind when making your
decision? - ANSWERCEA ignores the possibility that certain unidentified individuals in a
group may have a greater than normal positive response to the treatment
Suppose your assignment is to use the standard time trade-off approach to measure
quality of life. You are given the following information: An individual is faced with living
the remaining 10 years of their life suffering from severe osteoporosis. The individual
reveals that they would be willing to give up four of those years to live the remaining six
in perfect health. What is the utility of one year in a chronic health state relative to
perfect health? - ANSWER0.6
The primary tasks required to conduct a successful cost effectiveness study are all of
the following except: - ANSWERidentifying the overall cost of a health condition on
society.
Under which of the following circumstances is the principal-agent relationship likely to
be most problematic? - ANSWERBetween surgeons and patients
Which of the following would likely lead to the greatest improvement in the health status
of the population in the United States? - ANSWERImproved lifestyles changes
Many economists consider medical care a superior good. Which of the following
statements is true regarding a superior good? - ANSWERAs consumer income
increases, consumers spend more on superior goods.
When measuring the effectiveness of a treatment, surrogate measures reflect clinical
efficacy and include: - ANSWERbone-mass density (BMD).
Which of the following is least responsible for the reduction in mortality rates in Europe
and North America? - ANSWERMore effective medical interventions
Researchers use cost-of-illness studies for all of the following except to: -
ANSWERcompare the relative efficiency of treating various conditions.
The standard cut-off for cost per quality-adjusted life year (QALY) used by most
governmental decision makers is set in terms of a multiple of national per capita
income. The value of the threshold is usually what percent of national per capita
income? - ANSWER100