Deck 14: Economic Evaluation Methods

Question 1

What is the evaluation method to the following description.
-Outputs of the courses of action are identical and costs only are considered.

Answer 1

Cost-minimization analysis

Question 2

What is the evaluation method to the following description.
-Output of the courses of action is common across alternatives, but the alternatives have varying degrees of success in achieving the output.

Answer 2

Cost-effectiveness analysis

Question 3

What is the evaluation method to the following description.
-Output of the courses of action is valued commonly across alternatives, but the alternatives have varying degrees of success in achieving the value of the improvement in the output.

Answer 3

Cost-utility analysis

Question 4

What is the evaluation method to the following description.
-The output of the courses of action may not be a single common effect or it may be multiple effects that may or may not be common to the alternatives.

Question 5

Economic evaluations provide an objective way to determine resource allocations from an individual, community, or societal viewpoint.

Question 6

What type of analysis can eliminate the need for clinical trials?

A) Sensitivity analysis
B) Cost-development analysis
C) Cost-utility analysis
D) Cost-benefit analysis

Question 7

Which of the following is defined as the value or worth of a specific health state and can be measured by the preferences of persons for any set of health states?

A) Benefit
B) Utility
C) Asset
D) Supply

Question 8

Which of the following accounts for the differential timing of costs and outputs of particular courses of action under consideration over multiple periods of time?

A) Sensitivity analysis
B) Cost-development analysis
C) Cost-utility analysis
D) Discounting

Question 9

_______________________ is what a person would hypothetically pay if he or she could achieve the benefits from specific interventions.

Question 10

Time lost from work due to participation in course of action or to illness related to course of action is what type of cost?

A) Direct cost
B) Indirect cost
C) External cost
D) Societal cost

Question 11

Healthy days or quality-adjusted life years (QALYs) are the measurement of output of which economic evaluation method?

A) Cost-minimization analysis
B) Cost-effectiveness analysis
C) Cost-utility analysis
D) Cost-benefit analysis

Question 12

Because the Pareto principle is satisfied hypothetically, cost-benefit analysis traditionally does not account for income redistribution.

Question 13

A sound economic evaluation has the components seen in a good empirical research study.