________ Diseases Progress Over a Long Period of Time and Often

question 30

Multiple Choice

________ diseases progress over a long period of time and often exist long before they are detected.

• A)Chronic
• B)Acute
• C)Epidemic
• D)Endemic

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Definitions:

Free-rider Problem

A situation in which individuals benefit from resources, goods, or services without paying for them, leading to underprovision of those goods or services.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning that anyone can consume them without diminishing their availability to others, such as public parks and clean air.

Competitive Markets

Markets characterized by a large number of sellers and buyers, which helps ensure fair prices and efficient distribution of goods and services.

Nonexcludable

A characteristic of a good or service that prevents the owner from effectively excluding others from using it, often leading to free-rider problems.