Researchers use cost-of-illness studies to
a. study the burden of a disease
b. determine the low-cost option to treat a disease
c. compare two or more treatment options when the medical outcome is identical
d. increase public awareness of cost of treating certain diseases
e. All of the above
E
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Requiring commercial banks to hold reserves equal to some fraction of their deposit liabilities
A) acts as a constraint on bank lending. B) is an alternative for banks that choose not to use the gold standard. C) is without significance since banks are not required to meet their liabilities on demand by depositors. D) prevents runs on banks by depositors who fear that the banks may not have assets equal to their liabilities. E) really has no effect on the monetary system today.
If tolls on a toll road can be raised significantly before commuters will consider using a free alternative, then an increase in tolls will result in
A) an increase in total revenue. B) a decrease in total revenue. C) a decrease in non-toll road usage. D) an increase in toll road usage.
"Demand" is best defined as the relationship between:
A) the price of a good and the quantity consumers are willing and able to buy at each price level. B) the current price of a good and the quantity demanded at that price. C) the quantity supplied and the price people are willing to pay for a good. D) the amount of income someone has and the price he is willing to pay for a good.
Refer to Scenario 1. What is the t-statistic for the slope coefficient?
A) 3.04 B) 0.94 C) 0.30 D) 4.46