A Pharmaceutical Company Is Implementing a Drug Program That Is

question 3

Multiple Choice

A pharmaceutical company is implementing a drug program that is based upon extensive genomic testing conducted on one ethnic group. How will this affect some of your clients?

• A) This program will have no effect on any of the clients.
• B) The clients within the ethnic group will have better outcomes.
• C) The clients within the ethnic group will pay less for these medications.
• D) This program may give the perception of a stigma based upon ethnicity.

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Definitions:

Public Education

An education system that is publicly funded through taxation, meant to provide free educational opportunities to students without discrimination.

Economic Organization

The structured arrangement and coordination of economic activities and entities within a society.

Private Good

A product or service that is consumed by an individual without providing any benefit to others, characterized by its excludability and rivalry in consumption.

Economic Efficiency

The optimal allocation of resources to maximize output or outcomes without waste.