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A nurse asks a patient to repeat the instructions to evaluate her knowledge about safe sex practices.Which statement indicates an understanding?
Market Failure
A scenario in which the distribution of goods and services through a free market fails to be efficient, frequently resulting in a decrease in net social welfare.
Negative Externalities
Costs experienced by someone who is not directly involved in the production or consumption of a good or service.
Positive Externalities
Benefits experienced by third parties or society at large as a result of an economic activity, without the third party incurring any cost.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning no one can be prevented from using them and one person's use does not reduce availability to others.
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