Question

The economic costs of particular diseases are typically comprised of several elements

A. The direct costs of prevention and treatment

B. The economic impact on employers due to lost labor

C. The indirect costs of labor time lost due to illness

D. Both A and C

Answer 1

It can be mentioned that economic costs are the costs which involve both implicit and explicit cost where explicit cost is the actual cost incurred and itconsists of the direct cost of prevention and treatment of that particular disease on the whole and apart from that the implicit cost is the opportunity cost which is the labour time lost due to illness on the whole and therefore in this regard it can be mentioned that

(D) both A and C is the answer to this question