Questions:
1.What evidence is there that prevention and health promotion are cost-effective?
2. Describe the concept of elasticity of demand for labor and provide an example of its use.
3. What are the main types of economic analysis, and what do they do?
4. What factors must be considered in measuring costs?
5. How are effects and benefits measured?
6. Describe how to conduct a cost-effectiveness analysis. Walk through an analysis with an example.
7. Identify three major reasons for market failure in the health services market. What reasons would there be for government failure?