Q

Q ratio (M2)

See TOBIN’S Q.

Q theory of mergers (L1)

The assertion that a firm’s investment in mergers and acquisition should rise with its Q, the ratio of its market value to the replacement cost of its capital.

See also: Tobin’s Q

quadriad (H1)

The Treasury, the COUNCIL OF ECONOMIC ADVISERS, the OFFICE OF MANAGEMENT AND BUDGET and the FEDERAL RESERVE: the key formulators of the USA’s economic policy.

quality-adjusted life years (I1)

A year of life adjusted by expected health or illness. A year of healthy life expectancy = 1, of unhealthy life expectancy < 1. Health care is beneficial if it generates positive QALYs; efficient health care activity occurs where cost per QALY is as low as possible. As low cost per QALY health care is prioritized, ...

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