The Following Statements Can Correctly Be Made About the Advantages

question 55

Multiple Choice

The following statements can correctly be made about the advantages and disadvantages to an health plan of using the various delivery options for pharmacy services.

• A) A disadvantage of using open pharmacy networks is that the health plan's control over costs is limited to setting reimbursement levels.
• B) An advantage of using performance-based systems is that they tend to increase participation in the health plan's pharmacy network.
• C) A disadvantage of using customized pharmacy networks is that these networks typically can be implemented only in companies with fewer than 500 employees.
• D) All of these statements are correct.

Understand external benefits in the context of environmental economics and the impact on market outcomes without regulation.

Understand the concept of externalities and how they impact social welfare.

Identify positive externalities and examples of activities that generate them.

Discuss the role of government intervention in addressing externalities and achieving social optimum.

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Definitions:

Convenience Sample

A non-random selection of participants from a population based on ease of access and availability, often used in exploratory research where representativeness is not a primary concern.

Probability Sample

A sampling method in which each member of the population has a known, non-zero chance of being selected, allowing for statistical inference to the larger population.

Sampling Frame

The list or database from which a statistical sample is drawn for a research study, encompassing all the members of the population being studied.

Representative Sample

A subset of a population carefully chosen to accurately reflect the characteristics of the larger group for the purposes of research or analysis.