A Study by Duke University Researchers Who Examined the Records

question 53

Multiple Choice

A study by Duke University researchers who examined the records of nearly 12,000 university employees found that obese employees experienced medical costs that were more than __________ times higher than those of non-obese workers.

• A)two
• B)three
• C)four
• D)five

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Definitions:

Exclude

To eliminate or leave out from consideration or a group.

Public Good

A good that is non-excludable and non-rivalrous, meaning it can be used by everyone and one person's use does not reduce availability to others.

Market Failure

A scenario where the free market fails to allocate resources efficiently, resulting in negative impacts on social welfare.

Pareto Optimality

The scenario in which resources are allocated in a manner that prohibits enhancing one individual's situation without negatively impacting another's.