Author Question: The concept quality-adjusted life year (QALY) a. is a multidisciplinary approach to measuring ... (Read 18 times)

acc299 · **on:** Jul 1, 2018

The concept quality-adjusted life year (QALY)
a. is a multidisciplinary approach to measuring health status.
b. has little application to medical decision making.
c. is used extensively in the U.S. to evaluate health care programs.
d. is used extensively to evaluate medical care resource allocation within government-run programs on fixed budgets, especially in Europe.
e. none of the above.

Question 2

Externalities between two firms can be internalized if: I. The two firms merge. II. Bargaining costs are zero. III. The externalities affect each firm equally. IV. Marginal costs for both firms are constant. Which statement(s) correctly complete the sentence?
a. Only II
b. All except III
c. I and II, but not III and IV
d. I and IV, but not II and III