Topic G Review Questions

Question 1

CBA is aso widely used in irrigation and flood control.

Answer 1

True

Question 2

One of the disadvantages of CMA is that it can only measure one outcome at a time.

Answer 2

False

Question 3

Human capital method is used to calculate direct medical costs.

Answer 3

False

Question 4

Willingness to Pay (WTP) method is used to determine “how much people are willing to pay to reduce the chance of an adverse health outcome”.

Answer 4

True

Question 5

Hypothetical scenario of Willingness-to-Pay (WTP) Method includes the amount of time the person should expect to spend

Answer 5

True

Question 6

Bidding games is a vehicle of human capital method.

Answer 6

False

Question 7

“what is the maximum amount that you would be willing to pay for a 1 hour consultation with a pharmacist?”

Answer 7

Open Ended Questions

Question 8

“Would you be willing to pay $60 for a 1 hour consultation with a pharmacist?” Yes or No

Answer 8

Closed Ended Questions

Question 9

“Yes or No?” If yes, ask & If no, ask….

Answer 9

Bidding Games

Question 10

“What is the maximum amount that you would be willing to pay for a 1 hour consultation? Circle your choice.”

Answer 10

Payment Card

Question 11

Net Benefit

Answer 11

Benefit - Cost

Question 12

Is this cost-beneficial?

Answer 12

Net Benefit > 0
Total Benefit > Total Cost

Question 13

Cost-to-Benefit Ratio

Answer 13

TC/TC = ratio

Question 14

Cost-to-Benefit Ratio

Answer 14

Cost-benefical when cost-to-benefit is not < 1
TC > TB

Question 15

Which of the following medical conditions requires annual salary estimates for Human Capital method when measuring the benefits of Cost Benefit Analysis?

Answer 15

Fatal Meningitis Infection

Question 16

Which of the following medical conditions is usually not captured for Human Capital method when measuring the benefits of Cost Benefit Analysis?

Answer 16

All of the Above
(Menopause, Headache, Soar Muscle)