Pharmacoeconomics MCQ Questions And Answers

14 Questions | By Caitlinb | Updated: Apr 24, 2022 | Attempts: 11218

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Here are some interesting Pharmacoeconomics MCQ questions and answers that are given below. The term "Pharmacoeconomics" refers to the scientific discipline whereby we're able to compare the value of one pharmaceutical drug or drug therapy to that of another, commonly used to evaluate the cost and effects of a pharmaceutical product. How much can you tell us about pharmacoeconomics and its related concepts? Take the following quiz, and we'll find out together!

Questions and Answers

1.

A term used to refer to the commonly charged or prevailing fees for health services that the patient pays.
- A.
  
  Cost
- B.
  
  Opportunity cost
- C.
  
  U&C charge
- D.
  
  Reimbursed value
2.

Which of the following are direct nonmedical costs?
- A.
  
  Prescription medications the patient must take
- B.
  
  Lost productivity for the patient
- C.
  
  Taking the bus to get to the hospital
- D.
  
  Hiring a babysitter so you can get to get to the doctor's visit
- E.
  
  X-ray costs
- F.
  
  The hotel cost for patient/family for out of town care
- G.
  
  Nonmedical assistance related to condition (meals on wheels, homemaking service)
3.

Lost productivity is a type of ________ cost.
- A.
  
  Direct medical
- B.
  
  Direct nonmedical
- C.
  
  Indirect
- D.
  
  Intangible
4.

Microcosting is......and it is considered to be more accurate.
- A.
  
  Looking at each component of a charge instead of the total charge
- B.
  
  Measuring resources used to provide the service and benefit measured as direct medical costs avoided because of provision of service
- C.
  
  Attempting to more accurately reflect real costs due to most reimbursement being less than U&C charges
- D.
  
  None of the above
5.

An analysis is performed on the economic benefit of a pharmacist-led smoking cessation clinic. Data is extrapolated for the next 11 months. It should be adjusted/discounted.
- A.
  
  True
- B.
  
  False
6.

If numbers are from the past (retrospective), they need to be ________. If numbers are projected to the future, they need to be ______.
- A.
  
  Discounted, adjusted
- B.
  
  Adjusted, discounted
- C.
  
  Counted, adjusted
- D.
  
  None
7.

In health care, discount is usually between 2% and 4%
- A.
  
  True
- B.
  
  False
8.

The measurement unit for a CUA is...
- A.
  
  Dollars or monetary units
- B.
  
  Natural units (life years gained)
- C.
  
  QALY
- D.
  
  Perfect life
9.

This is used by drug companies to determine market potential, it determines total economic burden, and there is no agreement of standard method of conducting.
- A.
  
  CUA
- B.
  
  CBA
- C.
  
  COI
- D.
  
  Cost consequence
- E.
  
  Cost avoidance
10.

This compares costs for alternatives that are assumed to have equivalent outcomes (i.e., they both work equally as well so which one is cheaper?). It is the simplest to conduct. If outcomes are not measured, it is not a full pharmacoeconomicstudy.
- A.
  
  CBA
- B.
  
  CUA
- C.
  
  CMA
- D.
  
  CEA
11.

A QALY of 1 means...
- A.
  
  Coma
- B.
  
  Death
- C.
  
  Perfect health
- D.
  
  Living being
12.

CBA is the most common type of p-economic study in pharmacy literature.
- A.
  
  True
- B.
  
  False
13.

If you see the term "efficacy" used in a CEA (aka cost efficacy analysis in this scenario), this means that a drug can work under _______ conditions.
- A.
  
  Real world
- B.
  
  Relatively ideal
- C.
  
  Both a and b
- D.
  
  None
14.

With a CBA, indirect costs are measured using ___________, while intangible costs are measured using ____.
- A.
  
  IRR, human capital approach
- B.
  
  IRR, WTP
- C.
  
  Human capital approach, WTP
- D.
  
  WTP, IRR