The 7-Minute Screen Is Useful for

question 20

Multiple Choice

The 7-Minute Screen is useful for

• A) diagnosing schizophrenia
• B) making initial diagnoses of learning disorders
• C) making initial diagnoses of Alzheimer's disease
• D) identifying psychomotor coordination difficulties

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Definitions:

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.