The Extra Benefit Resulting from a Small Increase in an Activity

question 191

Multiple Choice

The extra benefit resulting from a small increase in an activity is called the

• A) opportunity cost.
• B) marginal benefit.
• C) marginal cost.
• D) diminishing returns of the activity.

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Definitions:

Federal Cost Sharing

A financial arrangement where costs of a specific program or project are divided between the federal government and state or local governments, or other entities.

Canada Health Act

A piece of Canadian federal legislation that sets conditions and criteria provinces and territories must meet to receive federal cash contributions for health care.

Accessibility

Residents of a province or territory must have reasonable access to insured services.

Specialization Of Services

refers to the practice of focusing resources and skills in a specific area of expertise, leading to increased efficiency and quality in service delivery.