Quiz No. 1 Introduction To Economic Evaluations I

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Quizzes Created: 2 | Total Attempts: 1,479
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Economy Quizzes & Trivia

Questions and Answers
  • 1. 

    A health technology assessment can examine the consequences of applying a health technology with regard to: Please select from the following:

    • A.

      Its social impact

    • B.

      Its economic impact

    • C.

      Its effectiveness

    • D.

      Its safety

    • E.

      All of the above

    Correct Answer
    E. All of the above
    Explanation
    A health technology assessment is a comprehensive evaluation that considers various aspects of a health technology. This includes examining its social impact, economic impact, effectiveness, and safety. By considering all of these factors, decision-makers can make informed choices about the adoption and implementation of a health technology.

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  • 2. 

    The majority of the health technologies and interventions used today are backed by sound evidence on their effectiveness and cost-effectiveness.

    • A.

      True

    • B.

      False

    Correct Answer
    B. False
    Explanation
    The statement suggests that the majority of health technologies and interventions used today are supported by evidence of their effectiveness and cost-effectiveness. However, this statement is false. While many health technologies and interventions are supported by evidence, it is not accurate to say that the majority are. There are still many interventions and technologies that lack sufficient evidence or have conflicting evidence regarding their effectiveness and cost-effectiveness. Therefore, the statement is false.

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  • 3. 

    What is the main objective of a HTA document?

    • A.

      To conduct an exhaustive review of scientific literature on the subject.

    • B.

      To provide decision-makers with evidence-based information in order to guide decision-making.

    • C.

      To help train those responsible for using that technology.

    • D.

      To warn about the potential risks of using a technology.

    • E.

      To provide in-depth knowledge of the operational characteristics of a specific technology.

    Correct Answer
    B. To provide decision-makers with evidence-based information in order to guide decision-making.
    Explanation
    The main objective of a HTA document is to provide decision-makers with evidence-based information in order to guide decision-making. This means that the document aims to present a comprehensive and objective evaluation of a technology or intervention, based on scientific literature and evidence. The purpose is to provide decision-makers with the necessary information to make informed choices and decisions regarding the use of the technology in question.

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  • 4. 

    A health technology is:

    • A.

      A drug

    • B.

      A piece of medical equipment, generally electronic

    • C.

      A surgical procedure

    • D.

      A clinical laboratory analysis

    • E.

      All of the above

    Correct Answer
    E. All of the above
    Explanation
    The correct answer is "All of the above" because a health technology can refer to any of the options listed. It can be a drug, a piece of medical equipment, a surgical procedure, or a clinical laboratory analysis. Health technology encompasses a wide range of tools, techniques, and procedures that are used in the field of healthcare to diagnose, treat, and prevent diseases. Therefore, all of the options mentioned are valid examples of health technologies.

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  • 5. 

    What is the main objective of incorporating fourth-hurdle systems in the healthcare field?

    • A.

      To make better use of existing healthcare resources

    • B.

      To limit the number of technologies to be incorporated in the system

    • C.

      To ensure that technologies considered by the healthcare system are of good quality

    • D.

      To attempt to incorporate technologies with proven effectiveness

    Correct Answer
    A. To make better use of existing healthcare resources
    Explanation
    The main objective of incorporating fourth-hurdle systems in the healthcare field is to make better use of existing healthcare resources. This means that by implementing these systems, the healthcare industry aims to optimize the utilization of its resources such as staff, equipment, and facilities. This can lead to improved efficiency, reduced costs, and better patient outcomes. By maximizing the use of available resources, healthcare organizations can provide high-quality care to a larger number of patients and ensure that their needs are met effectively.

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  • 6. 

    When conducting an economic evaluation (EE) of a new health technology, what costs should be taken into account?

    • A.

      Costs related to use of the technology (staff, supplies, etc.)

    • B.

      Costs associated with adverse effects or complications that may arise due to application of the technology

    • C.

      Cost savings as a result of the application of a new technology

    • D.

      All of the above

    Correct Answer
    D. All of the above
    Explanation
    In conducting an economic evaluation of a new health technology, it is important to consider all costs associated with the technology. This includes costs related to the use of the technology such as staff and supplies, as well as costs associated with any adverse effects or complications that may arise from its application. Additionally, cost savings that may result from the use of the new technology should also be taken into account. Therefore, all of the options provided should be considered when conducting an economic evaluation of a new health technology.

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  • 7. 

    Opportunity cost refers to…

    • A.

      Benefits lost because now it is too late to implement the intervention

    • B.

      Money lost due to a delay in decision-making

    • C.

      Advertising costs

    • D.

      The cost of ensuring adequate conditions for implementing a given intervention

    • E.

      Benefits “lost” due to not being able to use the resources on another intervention

    Correct Answer
    E. Benefits “lost” due to not being able to use the resources on another intervention
    Explanation
    Opportunity cost refers to the benefits that are lost when resources are used for a particular intervention, instead of being used for an alternative intervention. It represents the value of the next best alternative that is forgone. In this case, the correct answer states that opportunity cost is the benefits "lost" because the resources cannot be used for another intervention. This means that by choosing one intervention, the benefits that could have been obtained from another intervention are sacrificed.

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  • 8. 

    What is the natural unit of benefits in a cost-effectiveness analysis?

    • A.

      Life years gained

    • B.

      Cases averted

    • C.

      Diagnoses made

    • D.

      All of the above

    Correct Answer
    D. All of the above
    Explanation
    The natural unit of benefits in a cost-effectiveness analysis can be measured in terms of life years gained, cases averted, or diagnoses made. This means that all three options are valid and can be used as the unit of measurement for the benefits in a cost-effectiveness analysis.

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  • 9. 

    Full economic evaluations (EE) are those that…

    • A.

      Takes costs related to the use of a health technology into account

    • B.

      Compares two or more alternatives in terms of costs and benefits

    • C.

      Analyzes both the costs and benefits of a health technology

    • D.

      Produces a valid result for decision making

    Correct Answer
    C. Analyzes both the costs and benefits of a health technology
    Explanation
    Full economic evaluations analyze both the costs and benefits of a health technology. This means that they consider the financial implications of using the technology, as well as the potential positive outcomes or benefits it may provide. By examining both costs and benefits, these evaluations provide a comprehensive understanding of the economic impact of the health technology. This information is essential for decision-making, as it allows policymakers and healthcare providers to assess the value and effectiveness of the technology and make informed choices about its implementation.

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  • 10. 

    What are the main vehicles of economic evaluations?

    • A.

      EE based on national statistics

    • B.

      EE based on individual patients (for example, in a clinical trial)

    • C.

      EE based on consultations with experts

    • D.

      EE based on models

    • E.

      Answers b and d

    Correct Answer
    E. Answers b and d
    Explanation
    The main vehicles of economic evaluations are based on individual patients (for example, in a clinical trial) and based on models. These two approaches allow for a detailed analysis of the cost-effectiveness of healthcare interventions. By studying individual patients, researchers can gather real-world data on the costs and outcomes associated with a particular treatment. On the other hand, models provide a way to simulate and predict the long-term economic impact of different interventions. By combining these two approaches, economic evaluations can provide valuable insights into the value and efficiency of healthcare interventions.

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  • Current Version
  • Mar 20, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Sep 03, 2013
    Quiz Created by
    Bbsierra
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