Question

Which of the following statements is not true? a. Cost-benefit analysis (CBA) allows us to pick an optimal treatment from the list of potentially costeffective treatments . b. Studies of labor market choices and product purchase decisions infer VSL from tradeoffs between money and risk. C. A dominated treatment is orte that is both more expensive and less effective than some other treatment. d. If a medical sereening technique is perfect at detecting a disease before it develops and is able to prevent the disease from occurring, it must be cost effective.

Answer 1

The statement that is not true is option a. Cost-benefit analysis (CBA) allows us to evaluate the costs and benefits of different treatments and select the most optimal treatment based on their cost-effectiveness.

Step-by-step explanation:

The statement that is not true in the options provided is option a. Cost-benefit analysis (CBA) allows us to evaluate the costs and benefits of different treatments and select the most optimal treatment based on their cost-effectiveness. However, it does not guarantee that the chosen treatment will be the most cost-effective among all potential treatments.