One of these is NOT TRUE about Cost-utility analysis: a. It measures outcomes in Quality Adjusted Life Years (QALY), and Disability Adjusted Life Years (DALYs) b. Cost is measured in monetary units c. The limitation of this analysis is that it is difficult to compare the interventions with differing natural effects d. It is used to make policy level decisions
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- What does the picture below mean?(interpret). Use what you learned in class about how important economics is to our daily lives as a guide for your answer. ps. kindly don't answer if its from another educational sites/pls don't plagiarized. answer must be made by tutors...(1-2 paragraph is enough, please lessen long explnation that doesn't make any sense or not related to the given question, pls answer direct to the point/question asked).Q) In a standard economic analysis, setting a higher copayment rate per day of hospital care 1) Has the beneficial effect of discouraging unnecessarily long stays 2) Has the harmful effect of subjecting the consumer to more financial risk 3) Shifts some of the costs of care from the insurance premium to out-of-pocket payments 4) All of the above Solve it early I upvote choose option correctlySafety and risk are subjective concepts which depend on the followingfactors, except a. voluntary vs. involuntary risk b. occasional vs. frequent accidentsc. delayed vs. immediate risk d. expected probability What is the answer ?
- Which research method below is not quantitative? A fMRI B Conjoint analysis C Eye tracking D Ethnographic researchAsking people to directly indicate their economic values in a survey is an example of what type of economic valuation? Question 14Select one: a. Travel cost models b. Contingent valuation c. Hedonic pricing d. Defensive expenditures e. Replacement cost methods11) Model A is superior to model B if A) it contains more real world detail than model B. B) it contains fewer unrealistic assumptions than model B. C) its predictions correspond more closely to the facts than the predictions of model B. D) it is preferred by a majority of researchers in a public opinion poll. E) it is scientifically "elegant." 12) In choosing among alternative models, economists generally have the strongest preference for models that A) have assumptions that are close to exact replicas of reality. B) are detailed and complex, with every available fact and figure included. C) have few assumptions and are as simple as possible, even if they cannot predict very well. D) predict better than any other that is available. E) have assumptions that are complicated. 13) A normative statement is a statement regarding A) what is usually the case. B) the assumptions of an economic model. C) what ought to be. D)…
- "Time fixed effects control for unobserved variables that are the same acrossentities but vary over time". Is this statement true?Assume that people receiving intervention A live 5 years at quality of life of 0.8 and people receiving intervention B live 10 years at quality of life of 0.4. Assume further that the two intervention have equal costs. Compare the cost-effectiveness of these interventions relative to each other and discuss how that would be altered by inclusion of future costs for younger adults and older adults.Decide the best choice. a. The inndividual waiting times experienced by customers in a busy breakfast cafe would be an example of a deterministic process because several customers are waiting to be seated. b. Informmation Systems and Informmation Technology are identical and synonyms that mean the exact same thing. c. In 2019, both manuffacturing and service sectors employed roughly the same percentage of the labor force in USA. d. Today, services constitute a large percentage (e.g., more than 60%) of the U.S. economy. e. Both choices ‘a’ and ‘b’ are correct.
- (Yi, X1i, X2i) satisfy the assumptions of the attachment. You are interestedin β1, the causal effect of X1 on Y. Suppose that X1 and X2 are uncorrelated.You estimate β1 by regressing Y onto X1 (so that X2 is not included in theregression). Does this estimator suffer from omitted variable bias? Explain.Many schools and local educational agencies in the U.S. are adopting the basic tenets of the outcome(s)-based education (OBE) approach. Basically, the primary purpose of OBE is to equip "all students with the knowledge, skills, and competencies needed for future success in school, in the workplace and in advanced studies." This approach to education is likewise targeted for individuals with disabilities. Which of the following concepts is NOT related to OBE? * a.There is a close connection between academic and vocational goals. b.Student outcomes define the curriculum. c.Student expectations are either high or low, depending on the disability. d.Grades are based on the mastery of specified outcomes.Question 32 The Social Security and Medicare programs have been a failure in terms of reducing poverty among elderly U.S. citizens. O True 2 pts False Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.