Some medical clinics participate in the testing of drugs

Assignment Help Business Economics

Reference no: EM131001902

Some medical clinics participate in the testing of drugs that are still in the experimental stage. In such situations the Food and Drug Administration stipulates that the physician must explain to the patient the nature of the drug, its possible benefits, and the element of risk in using it. In certain situations, however, physicians may decide not to provide those explanations. The number of their patients may be so large that they feel they cannot spare the time to do so, or their patients may be generally uneducated and therefore likely to be confused by details. Explain whether Lipkin would think either of these reasons justify a physician's withholding explanation and why or why not. Can you think of any other reason that would justify withholding explanation? Why or why not?

Reference no: EM131001902

Questions Cloud

Economic meaning of the different slopes of the LM curves : In economy A, the LM curve is very steep, but not vertical (call this the “Friedman” economy) while in economy B, the LM curve is very flat (call this the “Keynesian” economy). The economies are identical in all other respects. (a) What is the econom..

Corporate financial policy 5580 : Corporate Financial Policy 5580, Exam Discuss the differences in magnitudes and directions of the cumulative abnormal returns after the announcement of such issuances to support your arguments.

The economy is in liquidity trap : Use graphs to derive the LM curve for each of the following cases: (a) the central bank targets the money supply (b) the central bank targets the interest rate (as it does now) (c) the economy is in a “liquidity trap” because the demand for money is ..

Solve for the equilibrium interest rate : Derive the IS equation. (Y = …) (b) Derive the LM equation (Write this as i = …) (c) Solve for equilibrium output (Y). (d) Solve for the equilibrium interest rate. (e) Solve for the values of C, I, and G at equilibrium. (f) Next, allow the real money..

Some medical clinics participate in the testing of drugs : Some medical clinics participate in the testing of drugs that are still in the experimental stage. In such situations the Food and Drug Administration stipulates that the physician must explain to the patient the nature of the drug, its possible bene..

Consider the economy in the short run : Decide if the following statements are TRUE, FALSE, OR UNCERTAIN. Explain your reasoning in each case. Consider the economy in the short run.

Assume all money is held in the form of currency : Assume all money is held in the form of currency. Assume central bank money (H) is initially equal to $100 million. Now suppose the Fed conducts an open market purchase of government bonds equal to $10 million. Explain the effect of this action on:

Explain how immigration and trade : Explain how immigration and trade may worsen wage inequality, and how college education may mitigate against growing wage inequality.

What is the net gain from trade measured in food-units : In the two countries, Techi and Aggi, the costs of all factors of production are constant, the factors are perfect substitutes for each other and thus equally productive (efficient). Currently, before trade, Techi’s residents prefer to produce and co..

User Account

All Pages