The Social Costs Associated with Some Policy Initiative Are

question 40

Multiple Choice

The social costs associated with some policy initiative are

• A) readily identified
• B) described as the spending needed to compensate society for the resources used so that its utility level is maintained
• C) must account for all price, output, and income effects linked to that initiative
• D) all of the above
• E) (b) and (c) only

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Definitions:

Local Potential

Depolarization that is not propagated and that is graded or proportional to the strength of the stimulus.

Summate

To add together or accumulate to a total; in physiology, refers to the additive effect of repeated stimuli on a nerve or muscle.

Gray Matter

Regions of the brain and spinal cord with a high concentration of cell bodies, dendrites, and axon terminals of neurons, distinguished from white matter.

Cortex

The outer layer of the cerebrum in the brain, involved in many advanced brain functions, including memory, attention, perceptual awareness, and language.