In 1966, _____ Became the First U

question 26

Multiple Choice

In 1966, _____ became the first U.S.state to allow abortion in the case of rape.

• A)New York
• B)Mississippi
• C)Oregon
• D)Texas

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Definitions:

Benefit Surpluses

Surplus benefits are the additional welfare or gains received by individuals or society that exceed the expected or required amounts; however, in a strict economic context, the term is uncommon and might be a misinterpretation of concepts like consumer or producer surplus.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by consumers at those prices.

Supply Curve

A visual chart that illustrates the connection between a product's price and the amount of the product that suppliers are prepared to offer.

External Benefits

Positive effects experienced by third parties or the society at large due to an economic transaction they were not directly involved in.