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The costs of many prescription drug regulations can be calculate

Question : The costs of many prescription drug regulations can be calculate : 5629

The costs of many prescription drug regulations can be calculate in dollars, but the benefits often are in terms of lives saved (mortality) or decrease in the incidence of a particular disease (mortality). What does this imply about the cost-benefit analysis of prescription drug regulations? A. Since the benefits of these regulations are not in dollar terms, a cost-benefit analysis cannot be done. B. We must first translate the mortality and morbidity data into dollars in order to compare it to the costs of the regulations. C. Since these are government regulations, a cost-benefit analysis is not needed because the government acts independent of such analysis. D. Since the costs are incurred by the government and the benefits are enjoyed by the consumer, such an analysis is meaningless.

 

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Finance 11 Months Ago 106 Views
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