The Benefit from an Additional Unit of a Good or Service

question 166

Multiple Choice

The benefit from an additional unit of a good or service that society receives from the consumption of that good or service is the

• A) marginal private benefit.
• B) marginal external benefit.
• C) marginal social benefit.
• D) opportunity cost.

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Definitions:

Analgesic

A type of medication designed to relieve pain without causing loss of consciousness.

Making Inferences

The process of drawing a logical conclusion based on evidence and reasoning rather than from explicit statements.

Constipation

A condition characterized by difficulty in passing stools or an infrequent passage of hard, dry stools.

Medications

Substances used in the diagnosis, treatment, or prevention of disease, usually administered to modify or control specific physiological processes.