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!
Cost
Opportunity cost
U&C charge
Reimbursed value
Prescription medications the patient must take
Lost productivity for the patient
Taking the bus to get to the hospital
Hiring a babysitter so you can get to get to the doctor's visit
X-ray costs
The hotel cost for patient/family for out of town care
Nonmedical assistance related to condition (meals on wheels, homemaking service)
Direct medical
Direct nonmedical
Indirect
Intangible
Looking at each component of a charge instead of the total charge
Measuring resources used to provide the service and benefit measured as direct medical costs avoided because of provision of service
Attempting to more accurately reflect real costs due to most reimbursement being less than U&C charges
None of the above
True
False
Discounted, adjusted
Adjusted, discounted
Counted, adjusted
None
True
False
Dollars or monetary units
Natural units (life years gained)
QALY
Perfect life
CUA
CBA
COI
Cost consequence
Cost avoidance
CBA
CUA
CMA
CEA
Coma
Death
Perfect health
Living being
True
False
Real world
Relatively ideal
Both a and b
None
IRR, human capital approach
IRR, WTP
Human capital approach, WTP
WTP, IRR
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