A nurse evaluates a smoking cessation program, the gained or increased financial income, the im-provements in the community attributable to the program, and the costs that would result if the program was not offered
Which of the following best describes the action of the nurse?
a. Cost-effectiveness analysis
b. Cost-benefit analysis
c. Supply and demand
d. Microeconomic theory
ANS: B
Cost-benefit analysis involves the listing of all costs and benefits that are expected to occur from an intervention during a prescribed time. Cost-effectiveness analysis expresses the net direct and indirect costs and cost savings in terms of a defined health outcome. Supply and demand is in force when few goods or services are available, and then the price tends to rise. Microeconomic theory is examining the behaviors of individuals and organizations that result from trade-offs in utility and budget constraints of health care.
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