A Cost or Benefit Resulting from Some Activity That Is

question 154

Multiple Choice

A cost or benefit resulting from some activity that is imposed or bestowed on third parties is

• A) a market failure.
• B) an externality.
• C) a public good.
• D) logrolling.

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Definitions:

Presbyopia

Loss of elasticity of the lens and thus loss of ability to see close objects as a result of the aging process.

Lens Flexibility

The ability of the eye's lens to change shape to focus on objects at various distances, decreasing with age.

Near-Sightedness

A common vision condition, also known as myopia, where close objects are seen clearly, but distant ones are blurred due to the shape of the eye.

Telehealth

The use of digital information and communication technologies, such as computers and mobile devices, to access health care services remotely and manage health care.