Examlex
When assessing a patient's report of experiencing "problems sleeping," the nurse gathers data related to which of the following? (Select all that apply. )
Income Effect
The change in individuals' consumption patterns due to an increase or decrease in their income, affecting their purchasing power.
Substitution Effect
The economic principle that as the price of a good rises, consumers will replace it with cheaper alternatives, whereas if the price falls, the good will replace more expensive alternatives.
Economic Rent
Income derived from the ownership or control of a scarce resource, exceeding the income that would cause the resource to be brought into use.
Marginal Resource Cost
The additional cost incurred by acquiring one more unit of a resource.
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