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c. What does the term “counterfactual” refer to in CBA, and why is it an important consideration?
d. Does CBA guarantee
CBA is cost benefit analysis
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Solved in 2 steps
- Which of the following correctly identify ways in which cost-effectiveness analysis differs from cost-benefit analysis? You may select multiple answes. A. In a CBA costs and benefits in the distant future are not ignored, but they are in a CEA. B. In a CBA, revealed preference measures can be used as a method of measuring impacts but they are not in a CEA. C. A CBA does not attempt to evaluate efficacy, but a CEA does. D. A CBA monetizes both costs and benefits, whereas CEA only monetizes costs. E. A CBA fails to consider effects on income distribution but a CEA does.Does CBA guarantee allocative efficiency? Why/why not?Define market value. How do you differentiate it fromintrinsic value?
- QUESTION 5 When the outcomes are the same for all of the interventions being studied, then the economic analysis method that can be applied is: A. Cost-minimization analysis B. Cost-consequence analysis C. Cost-utility analysis D. Cost-effectiveness analysisThere are many ways to define and measure the benefits and costs that go into the GPI. How do you think a person with a biocentric worldview would measure these differently from a person with an anthropocentric worldview? Whose GPI for the year 2005 would likely be higher?Benefits are payable in a Critical Illness Plan for which of the following situations or illnesses? A.Suicide or attempted suicide B.Leukemia C.Drug addiction D.Accidental injury
- Give an example of a 10 year plan and do all the components of the 10 year plan please show your work PLEASE I NEED HELP. 1) Why did you make the choices you did? What are the costs and benefits of these choices?2) What will you need to do to ensure that you carry out this plan to fidelity?3) What potential pitfalls do you need to avoid?4) What obstacles, personal and systemic, might you face trying to implement your plan?Between qualitative and quantitative, which one is the best and more scientific methodology, and why?Why is survival time considered to be a good indicator of health status? A. It measures health outcomes as compared to costs B. It places an emphasis on the time spent(duration) in a specific health state C. The measure accounts for mortality rates D. It measures outcomes or health state at a given point in time
- What type of bias relies too heavily on one piece of information in making a final decision? A. Availability Heuristic Bias B. Bandwagon Effect C. Anchoring BiasWhich one would you choose? why or why not? a. Present value of 500,000 as a lifetime income due to education or b. Present value of 100,000 as a lifetime income without an educationBrain drain- good or bad. Explain. 3-5 paragraphs
