Match the Terms with Their Definitions

question 20

Multiple Choice

Match the terms with their definitions.
-Traditional Chinese medicine

• A)System-based approach to health care
• B)Stresses prevention and the use of nontoxic, natural therapies
• C)Herbs are used to assist in the healing process
• D)Stresses five elements of fire, earth, metal, water, and wood
• E)Promotes a strong interrelatedness between emotions, stress, and the body's reaction through the immune system
• F)A blending of both conventional and nonconventional therapies
• G)Miniscule amounts of certain substances leave an "energy imprint" in the body, stimulating the immune system
• H)8000-year-old system where humans are classified into one of three body types

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Definitions:

Consumer Surplus

The discrepancy between the aggregate sum consumers are prepared and can afford to spend on a product or service and the actual total amount they end up paying.

Coase Theorem

A principle that if property rights are clearly defined and transaction costs are low, private bargains will ensure that the market always reaches an efficient outcome regardless of who holds the initial property rights.

Externalities

Economic side effects or consequences that affect uninvolved third parties; can be positive or negative.

Cap-And-Trade

An environmental policy mechanism that sets a cap on emissions and allows businesses to buy and sell permits for the right to emit.