The Probability of Occurrence of a Specific Test Value Given

question 10

Multiple Choice

The probability of occurrence of a specific test value given that the disease is present divided by the probability of the same test value if the disease was absent is the:

• A) odds ratio.
• B) likelihood ratio.
• C) prevalence.
• D) predictive value.

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Definitions:

Internationally Traded Goods

Products and services that are bought and sold across national borders, subject to international agreements and regulations.

Comparative Advantage

The capability of an entity to manufacture a product or provide a service at a reduced opportunity cost compared to its competitors.

Opportunity Cost

The cost of foregone alternatives, the value of the next best alternative that is given up when making a decision.

Comparative Advantage

The ability of a country or firm to produce a particular good or service at a lower opportunity cost than its competitors, leading to more efficient trade and production patterns.