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In the Market for Pharmaceuticals, the Issue of "Drug Lag

Question 28

Multiple Choice

In the market for pharmaceuticals, the issue of "drug lag" illustrates which of the following ideas?


A) The longer a drug is tested for safety, the lower the opportunity cost in terms of lives lost.
B) If a drug is not tested for safety, it might kill more people.
C) Because of the higher the cost of testing a drug, it takes longer to make it, and more lives are lost.
D) Lives are being lost because safe drugs that are still in the testing stage have not yet been approved.

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