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Chapter 7: Pharmacoeconomics

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

a. Direct medical cost

b. Direct nonmedical cost

c. Indirect cost

d. Intangible cost

d. Intangible cost

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

a. Direct medical cost

b. Direct nonmedical cost

c. Indirect cost

d. Intangible cost

c. Indirect cost

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

a. Alternative A costs less than Alternative B.

b. Alternative A is more effective than Alternative B.

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

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

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

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

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

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

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

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

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

If Project A costs $30,000 this year, $40,000 in year 2, and $50,000 in year 3, what is the total 3-years cost in present value (PV) terms using a 5% discount rate? Do not begin discounting until year 2. Round to the ...

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