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Chapter 6. Pharmacoeconomics

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A patient is anxious about waiting 2 weeks for a test result—this can be categorized as what type of cost?

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a. Direct medical cost

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b. Direct nonmedical cost

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c. Indirect cost

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d. Intangible cost

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A parent staying home from work to care for their sick child is categorized as what type of cost?

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a. Direct medical cost

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b. Direct nonmedical cost

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c. Indirect cost

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d. Intangible cost

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For which of the following would Alternative A be considered cost-effective when compared to the standard Alternate B.

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a. Alternative A costs less than Alternative B.

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b. Alternative A is more effective than Alternative B.

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c. Alternative A is more effective than Alternative B, and Alternative A costs less than Alternative B.

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d. Alternative A is less effective than Alternative B, but Alternative A costs more than Alternative B.

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When an article states that the results of an analysis are insensitive to a particular variable this means:

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a. The results vary depending on the range of that variable, thereby strengthening your confidence in the study results.

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b. The results vary depending on the range of that variable, thereby weakening your confidence in the study results.

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c. The results do not vary depending on the range of that variable, thereby strengthening your confidence in the study results.

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d. The results do not vary depending on the range of that variable, thereby weakening your confidence in the study results.

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If Project A costs $30,000 this year, $40,000 in year two, and $50,000 in year three, what are the total 3 years costs in present value (PV) terms using a 5% discount rate. Do not begin discounting until year two. Round to the nearest $1000.

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a. $100,000

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b. $113,000

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c. $120,000

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d. $127,000

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If a researcher evaluates cost per quality-adjusted life year saved, what type of study is being conducted?

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