Which Term Is Correctly Paired with Its Description

question 241

Multiple Choice

Which term is correctly paired with its description?

• A) major depression - alternating periods of depression and mania
• B) compulsion - a severe state impairing concentration,decision making,and sociability
• C) bipolar disorder - a prolonged state of intense elation
• D) hypomania - a less intense,less disruptive state of elation than mania

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Definitions:

Consumer Surplus

The difference between the total amount that consumers are willing to pay for a good or service and the total amount they actually pay.

Total Surplus

The combined total of producer surplus and consumer surplus, indicating the overall societal benefits derived from the consumption and production of a service or product.

Deadweight Loss

The loss of economic efficiency that can occur when equilibrium for a good or service is not achieved.

Tariff

A tax imposed by a government on imported goods, often used to protect domestic industries and to raise government revenue.