Which of the following classes of diseases are often ignored by major pharmaceutical companies due to less profit? (please choose all that apply) Orphan diseases Respiratory diseases Cancer Tropical diseases

The National Highway Traffic Safety Administration (NHTSA) collects traffic safety-related data for the U.S. Department of Transportation. According to NHTSA's data, 10,426 fatal collisions in 2016 were the result of collisions with fixed objects (NHTSA website, https://www.careforcrashvictims.com/wp- content/uploads/2018/07/Traffic-Safety-Facts-2016_-Motor-Vehicle-Crash-Data-from-the-Fatality-Analysis-Reporting-System-FARS-and-the-General-Estimates- System-GES.pdf). The following table provides more information on these collisions. Excel File: data04-21.xlsx Fixed Object Involved in Collision Number of Collisions Pole/post 1,416 Culvert/curb/ditch 2,516 Shrubbery/tree 2,585 Guardrail 896 Embankment 947 Bridge 231 Other/unknown 1,835 Assume that a collision will be randomly chosen from this population. Round your answers to four decimal places. a. What is the probability of a fatal collision with a pole or post? b. What is the probability of a fatal collision with a guardrail? E. What…

In some countries, such as Canada and UK, direct-to-consumer (DTC) advertising for pharmaceutical products is illegal or tightly controlled. Which of the following is NOT a reason why DTC is tightly controlled? DTC have the potential to drive up spending on drugs and exacerbate moral hazard. DTC makes patients aware of new remedies. DTC can put a strain on doctor-patient relationship when patients demand some drugs that are not necessary or not the best options. Asymmetric information: consumers are not in a good position to determine if a drug is what they need.

Consider two treatments. Treatment 1 saves one year of life at a cost of $10,000. Treatment 2 saves ten years of life at a cost of $1,000,000. Which treatment is more cost-effective? Why?