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Determining the economics of health

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Hey so the question relates to economics of health. In chapter 2 we learned about efficiency (technical efficiency, cost-effective efficiency, and allocative efficiency) and equity (distributional equity-horizontal equity, vertical equity, procedural equity). Nothing too specific related to health economics other then the terms I listed above. There is a true and false question at the end of the chapter stating "Efficiency is a value-laden concept". Is the answer true or false? and why? I don't know whether if it is true because I don't think I fully understand the concept "value-laden", but I could see it being false because we talked about equity and that seems to be more value laden.

Reference no: EM131962122

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