Which of the Following Statements Is the Most Accurate Definition

question 1

Multiple Choice

Which of the following statements is the most accurate definition of efficacy?

• A) Testing a drug in a group of participants who have agreed to join clinical trial.
• B) A measure of a specific intervention, procedure, regimen, or service, when deployed in the usual circumstances of living and practice.
• C) Testing a new drug in a community where individuals have various compliances of drug intake.
• D) Estimating the cost-benefit ratio based on agent effectiveness.
• E) The effects or end results achieved in relation to the effort expended in terms of money, resources, and time.

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Definitions:

Fixed Exchange Rate

A system where the government or central bank sets the official exchange rate in relation to the currency of another nation or the value of gold.

Flexible Exchange Rate

A rate of exchange that is determined by the international demand for and supply of a nation’s money and that is consequently free to rise or fall because it is not subject to currency interventions. Also referred to as a “floating exchange rate.”

Fixed Exchange Rate

A currency system where the value of a currency is pegged against another currency, a basket of currencies, or another measure of value.

Trade Deficits

A situation where a country's imports exceed its exports, indicating that it is buying more goods and services than it is selling abroad.