Economic Evaluation Class test

Identification, Measurement, ...................., and comparison. Identify the missing word.

• Veracity

• Value judgements

• Valuation

• None of the above

The effects of choosing one action over another will only have effects on health

• True

• False

Answer explanation

Since the effects of choosing one course of action over another will not only have effects on health but also on healthcare resources as well as other effects outside healthcare

The outcome measurement for cost-benefit analysis is ..............

• Assumed to be equivalent in comparable groups analysis

• Rupees

• Natural units

• QALY

The following is not an advantage of cost minimisation analysis

• Simplest to conduct

• Useful when outcomes are different

• Helps in evaluation of cost of intervention

• None of the above

Cost outcome description study is an example of full economic evaluation

• True

• False

Opportunity cost is financial cost

• True

• False

The estimated value of a donated good or service is called..................costs

• Financial

• Economic

• Direct

• None of the above

Without some attempt at (a)   , informal assessment of orders of magnitude can be misleading

Systematic approaches increase the explicitness and (a)   in decision making

An example for efficacy and effectiveness evaluation is (a)