Suppose You Are Asked to Use the Standard Time Trade-Off

question 15

Multiple Choice

Suppose you are asked to use the standard time trade-off approach to measuring the quality of life and are given the following information.An individual is faced with living the remaining 10 years of her life suffering from severe osteoporosis.She reveals that she would be willing to give up two of those years to live the remaining six in perfect health.What is the utility of one year in the chronic health state relative to perfect health?

• A)2
• B)8
• C)0.2
• D)0.8

---

Definitions:

Statement Of Action

A document or declaration outlining specific steps or measures that need to be taken in order to achieve a certain goal or objective.

Objectives

Specific, measurable, achievable, relevant, and time-bound goals set by individuals or organizations to direct effort and measure performance.

Concept

A general idea or understanding that is abstract and not specific to any particular instance.

Guideline

A recommended practice or direction that provides advice on how to make decisions or perform activities.