Discuss the economics of transport-cost minimization. Be sure to explain the concept of a dominant ideal weight. Consider the economic history of location changes in the iron and steel industry as an application of this theory.
Discuss the economics of transport-cost minimization. Be sure to explain the concept of a dominant ideal weight. Consider the economic history of location changes in the iron and steel industry as an application of this theory.
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Related questions
1. The economic analysis method used when there are alternative ways of attaining a single type of outcome is:
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Cost-effectiveness analysis |
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Cost-minimization analysis |
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Cost-utility analysis |
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Cost-consequence analysis |
2. If a new treatment is less costly than an old treatment and the new treatment is more effective then:
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Neither treatment is dominant. |
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The old treatment is dominant. |
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The new treatment is dominant. |
3. An example of a holistic measure is:
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Childhood immunization status. |
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Tobacco use assessment. |
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Adult weight screening. |
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Survival time. |
4. An example of an economic cost is:
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Taxes. |
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Unemployment insurance payments. |
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Lost productivity. |
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Social security payments. |
5. When the outcomes are the same for all of the interventions being studied, then the economic analysis method that can be applied is:
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Cost-minimization analysis. |
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Cost-effectiveness analysis. |
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Cost-utility analysis |
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Cost-consequence analysis |
6. A health economist was asked to compare the outcomes and cost of two diabetic therapies that affected both the severity of the disease and the survival rate. What evaluation concept should he/she use?
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Concept of cost-effectiveness |
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Concept of cost-utility |
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Concept of cost-minimization analysis |
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Concept of benefit-Cost |
7. A health economist was asked to compare outcomes and costs for two prophylactic medicines that reduced deaths during surgical operations. The interventions did not influence quality of life. What concept should he/she use?
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Concept of cost-effectiveness |
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Concept of cost-utility |
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Concept of cost-consequence analysis |
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Concept of benefit-Cost |
8. A health economist was asked whether a new drug that reduced mortality should be used. What concept should he/she use?
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Concept of cost-effectiveness |
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Concept of cost-minimization analysis |
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Concept of benefit-cost |
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Concept of cost-utility |
9. To determine which treatment is dominating, what economic analysis method is used?
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Increment cost-effectiveness ratio |
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Benefit-cost analysis. |
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Cost-minimization analysis |
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Cost-consequence analysis |
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Cost-utility analysis |
10. In a population of 1,000 persons at the beginning of the year, 40 die during the year. How many life years were there during the year?
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920 life years |
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980 life years |
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960 life years |
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990 life years |
