Which of the Following Is True of Positive Consumption Externalities

question 179

Multiple Choice

Which of the following is true of positive consumption externalities?

• A)social value exceeds private value and market quantity exceeds socially optimal quantity
• B)social value is less than private value and market quantity exceeds socially optimal quantity
• C)social value exceeds private value and market quantity is less than socially optimal quantity
• D)social value seldom exceeds private value and therefore social quantity is less than private quantity

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Definitions:

Hematocrit (Hct)

The percentage of red blood cells in a volume of blood.

Bleeding Time

The duration taken for bleeding to stop, which is a basic test to assess platelet function or clotting ability.

Prothrombin Time

A blood test that measures how long it takes blood to clot.

Lymphedema

A condition characterized by swelling usually in the arms or legs, due to a blockage in the lymphatic system preventing lymph fluid from draining well.