Friday, October 29, 2004

Pop Quiz #3 

Keeping in mind that the United States allows pharmaceutical companies to freely set prices, while other countries impose cost controls, such as negotiated price levels and profit limits:

1.) Americans on average paid ____ percent more for patented brand-name drugs last year than buyers in Canada and six western European countries, according to a report issued Thursday.
A. 14
B. 41
C. 68
D. 81
2.) That gap represents a significant increase from 2000, when the cost differential between the United States and the seven other countries was ____ percent.
A. 11
B. 36
C. 52
D. 60
3.) Americans pay ____ percent more than the French and ____ percent more than Italians for the same drugs, the largest gap found in the study.
A. 39, 44
B. 51, 61
C. 95, 98
D. 108, 118
4.) The country with prices closest to those in the United States is Switzerland. Americans pay only ____ percent more than the Swiss.
A. 2
B. 9
C. 20
D. 58
Answers here.

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