Welfare Will Be Increased by the Transfer of One Unit

question 51

True/False

Welfare will be increased by the transfer of one unit of some good X from Region B to Region A if the price that would clear the market in Region A given one more unit of supply exceeds the price that clears the market in Region B by more than the cost of transporting one unit of X from Region B to Region A.

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Definitions:

Pulse Oximeter

A medical device that noninvasively measures the saturation of oxygen in a patient's blood and changes in blood volume in the skin, providing a visual indication of the pulse rate.

Hypercapnia

Greater-than-normal amounts of carbon dioxide in the blood; also called hypercarbia.

Tracheal Suctioned

A medical procedure that removes secretions from the trachea to maintain airway patency and prevent infection.

Chest Tube

Catheter inserted through the thorax into the chest cavity for removing air or fluid; used after chest or heart surgery or pneumothorax.