An External Benefit Implies That Private Markets Will Provide ____

question 116

Multiple Choice

An external benefit implies that private markets will provide ____ of the good (relative to the social optimum) ,and an external cost implies that private markets will provide _____ of the good.

• A)too much;too much
• B)too little;too little
• C)too much;too little
• D)too little;too much

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Definitions:

Credit

An accounting entry recording a decrease in assets or increase in liabilities and equity, or a transaction where goods or services are received with a promise of future payment.

Vulnerable Populations

Groups of individuals at greater risk of experiencing health disparities due to factors like economic, social, or health status.

Abusive Habits

Practices or actions that are harmful to either the self or others, including substance abuse or harmful behavioral patterns.

Immigration Patients

Individuals who have relocated from one country to another and receive medical care in their new country, facing unique health challenges and access issues.