Match Each Definition with the Correct Term.​

question 69

Multiple Choice

Match each definition with the correct term.​
-cretinism

• A)​abnormal enlargement of the extremities
• B)​abnormal overgrowth of the body
• C)​congenital form of hypothyroidism; can cause arrested physical and mental development
• D)benign tumor of the pituitary gland​
• E)female hormone released during the menstrual cycle​

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Definitions:

Market

A place or system where buyers and sellers interact to trade goods, services, or contracts, allowing for the exchange of resources.

Price

The monetary value assigned to the acquisition of a service or good.

Consumer Surplus

The difference between the total amount that consumers are willing to pay for a good or service and the total amount they actually pay.

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive.