HCMI 3240 Exam 2

HCMI 3240 Exam 2
In Phase 1 of drug development, the proposed drug is given to 20 to 80 healthy
volunteers:
A) to examine the cost-effectiveness of the drug
B) to explore the treatment effectiveness of the drug
C) to investigate the safety of the drug
D) with the hope of helping those who suffer from severe illness
Person 1 has a discount rate of 10% and Person 2 has a discount rate of 6%, which
person is more likely to seek preventative medical care?
Person 2
because lower discount rate means that they would like more medical care in the future
and people with a higher discount rate believe that they will not need as much care in
the future; preventative care where you take action now in order to reduce how much
will be needed in the future
In which of the following specialties doe the physician make the lowest income?
A) plastic surgery
B) orthopedics
C) dermatology
D) pediatrics
E) cardiology
Per person hospital stay days went down because of the following, except:
A) aging population
B) those who receive inpatient care spend fewer days in hospitals
C) more and more medical conditions can be treated in outpatient settings
D) improved efficiency of Rx drugs
True or False: deaths due to Type I error are called "statistical deaths"
False
that is type II error
True or False: one reason behind the increased market share of generic drugs is the
financial incentives provided by the insurers
True
True or False: people who are more concerned about future generations would prefer a
lower discount rate in calculating the NPV of social projects