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WorksheetsP-Economic Quiz
Total questions: 20
Worksheet time: 30secs
CBA is the most common type of p-economic study in pharmacy literature
True
False
The measurement unit for CUA is
Monetary Unit
Natural units
QALY
Perfect life
With CBA, indirect costs are measured using _____, while intangible costs are measure using _____.
IRR, human capital approach
IRR, WTP approach
human capital approach, WTP
WTP, IRR
If you see the term 'efficacy' used in a CEA, this means the drug can work under _____ conditions.
real world
relatively ideal
Both a & b
None
If numbers are from the past, they need to be ______. If numbers are projected in the future, they need to be ______.
discounted, adjusted
counted, adjusted
adjusted, discounted
None
An analysis is performed on the economic benefit of a pharmacist-led smoking-cessation programme. Data is extrapolated for the next 11 months. It should be dicounted/adjusted.
True
False
This is used by drug companies to determine market potential, it determines total economic burden, an there is no agreement or standard method of conducting.
CUA
CBA
COI
Cost consequence
Cost avoidance
A Utility Rate (QOL) of 1 means
coma
death
perfect health
living being
This compare costs for alternatives that are assumed to have equivalent outcomes. It is the simplest to conduct.
CBA
CUA
CEA
CMA
Lost productivity ia a type of ______.
direct medical
indirect
direct non-medical
intangible
Which of the following has the biggest advantage cost-effectiveness analysis has over other full economic evaluation techniques
It can be used to compare different outcomes in a population
It is the easiest to calculate and interpret
It uses outcomes measured in natural units familiar to clinicians
It can compare multiple outcomes at the same time
Which of the following statements provides the best description of an incremental cost-effectiveness ratio?
the extra cost to obtain an extra benefit realized from switching from one alternative to another
a summary measurement of efficiency
the cost per benefit of a new strategy, independent of other treatment alternatives
the cost per quality-adjusted life years gained
A full economic evaluation includes:
a comparison of two or more alternatives in terms of costs and consequences
an analysis of costs and consequences of one alternative
an analysis of two or more alternatives in terms of consequences
a comparison of two or more alternatives in terms of cost
All of the following statements are general characteristics of cost effectiveness analyses (CEAs) except
costs are measured in economic terms and the outcome is measured in natural units
ratios of costs to effects are used to make judgments on cost effectiveness
uses the human capital approach to place a dollar value on outcomes
at least two drugs or therapeutic interventions are compared
Which of the following statements can NOT describe a cost effective treatment alternative?
a more expensive and less effective alternative
a less expensive and less effective alternative
a less expensive and more effective alternative
a more expensive and more effective alternative
In a cost benefit analysis, which of the following decision rules is correct and indicates a program should be implemented?
net benefit < 0
B/C > 1
ICER > 1
C/B > 1
Which of the following is a disadvantage of conducting a cost benefit analysis (CBA)?
a dollar value must be placed on health outcomes
quality adjusted life years must be measured
a comparison of the effects on different types of programs can be conducted
outcomes must be measured in the same natural units
Health is:
a physical well being
absence of disease
being able to do what one wants
all of the above
A single item health related quality of life measure such as a pain scale has which of the following difficulties?
the instrument is difficult to write and develop
it is difficult to collect data
the results are hard to interpret
it is difficult for patients to answer
Which of the following parameters is evaluated by a pharmacoeconomic analysis?
Cost
Outcomes
Cost and outcomes
side effects
side effects and no needed to harm
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