Many European countries are now requiring that data for an economic evaluation be collected simultaneously with the clinical trials conducted for pharmaceutical approval. This practice is so common that it is being referred to as:
a. pharmacoeconomics.
b. clinical economics.
c. the fourth hurdle.
d. randomized control trials.
e. phase III economics
c. the fourth hurdle.
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An incentive is
A) a reward or a penalty that encourages or discourages an action. B) when people make rational choices by comparing costs and benefits. C) what you must give up to get something. D) a choice is made on the margin. E) a good or service that satisfies wants.
What is investment in a closed economy if you have the following economic data?
Y = $10 trillion C = $5 trillion TR = $2 trillion G = $2 trillion A) $2 trillion B) $3 trillion C) $5 trillion D) cannot be determined without information on taxes (T)
The purchase by consumers of inventory converts that inventory from investment goods to consumption goods
Indicate whether the statement is true or false
New classical economists believe that government intervention is _____________.
Fill in the blank(s) with the appropriate word(s).