1:Stated preference techniques are increasingly being used in the health sector,

Question

1:Stated preference techniques are increasingly being used in the health sector, but are more popular in the UK than the US. Why is that?

A:The US places greater emphasis on efficiency

B:The use of survey techniques is more established in the UK

C:Healthcare accounts for a bigger share of GDP in the US than the UK.

D:They have a national health system with universal coverage

2:Immigration from California and Washington has caused Oregon house prices to rise dramatically in recent years. This has priced many local residents out of the desirable neighbourhoods and, in some cases, into areas with poor air quality. The dislocation of locals represents a type of externality and is thus a form of market failure.

A:True

B:False

Explanation / Answer

B is right. Infact UK govt use both prices and shadow prices to measure costs and benefits of programmes. Shadow pricing involves this method also

2 false.Because lower prices of areas with low air quality in turn are due to bad air quality and market prices capture the effect of bad air quality to some extent

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