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Medical care decisions involve costs as well as benefits. Which of the following statements is true? The challenge in applying economics to medical care decisions
Medical care decisions involve costs as well as benefits. Which of the following statements is true? The challenge in applying economics to medical care decisions is that there are no good substitutes for medical care. Medical practitioners must not let cost become an issue when recommending treatment options. Return on investment is important when considering any outlay. Often, a more relevant criterion in medical investment is the opportunity cost of the resources. There is no place for economic considerations in life-and-death situations
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