3. Analytical Tools

Cost Effectiveness — Quiz

Test your understanding of cost effectiveness with 5 practice questions.

Practice Questions

Question 1

When a cost-effectiveness analysis is conducted from the societal perspective, which type of cost is included that might be excluded in a narrower health system perspective?

Question 2

Intervention A costs \$200\,\mathrm{million} and yields 800 life-years; intervention B costs \$260\,\mathrm{million} and yields 1000 life-years. What is the incremental cost-effectiveness ratio (ICER) of B compared to A in \ per life-year?

Question 3

Given a willingness-to-pay threshold of \150{,}000 per life-year gained, which interventions should be adopted?

Question 4

Extended dominance in cost-effectiveness analysis refers to which situation?

Question 5

Which of the following best defines opportunity cost in cost-effectiveness analysis?