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A recently divorced mother who must return to work is concerned about the effects of placing her child in day care full-time. In counseling the mother, the nurse knows that which factor is most influential in determining whether day care has a positive or negative effect on the child?
Total Surplus
The total net gain to society from a market transaction, which is the combination of consumer surplus and producer surplus.
Consumer Surplus
The gap between the aggregate amount buyers are willing and able to spend for a good or service, versus what they actually spend.
Property Rights
The legally guaranteed rights to own, use, and dispose of assets, including physical and intellectual property.
Total Surplus
The sum of consumer surplus and producer surplus in a market, representing the total benefits received by all parties involved.
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