When Patients or Farmers Choose Whether to Use More Antibiotics

question 118

Multiple Choice

When patients or farmers choose whether to use more antibiotics, they compare:

• A) their private benefits with the social cost.
• B) their private benefits with the market price.
• C) the social benefits with the social cost.
• D) the social benefits with the market price.

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Definitions:

Lottery Winnings

Income received from winning lotteries, which is often subject to taxation.

Semiannual Payments

Payments made twice a year as part of a financial agreement, often seen in the context of bonds or loans.

Interest Rate

The percentage of the principal amount charged by a lender to a borrower for the use of assets, usually expressed as an annual rate.

Down Payment

An initial, upfront payment made for the purchase of an asset, with the balance of the price to be paid later.