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Which of the Following Statements Are TRUE

question 93

Multiple Choice

Which of the following statements are TRUE?
I. Market prices do not correctly signal the true costs and benefits to society when external costs are present.
II. Market prices do not correctly signal the true costs and benefits to society when external benefits are present.
III. Taxes and subsidies can adjust prices so that they do send the correct signals.


Definitions:

IV Catheter

A medical device inserted into a vein to administer fluids, medications, or nutrients directly into the bloodstream or to draw blood.

Surgical Drain

A medical device used to remove pus, blood, or other fluids from a wound or surgical site, to prevent infection and promote healing.

Low-fat, Low-calorie Diet

A nutritional plan that reduces fat and calorie intake to aid in weight loss and improve overall health.

Delegation

The assignment of authority to another person to carry out specific activities, often used in the context of management and leadership.

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