The Time-Action Function Is the Relationship Between

question 85

Multiple Choice

The time-action function is the relationship between

• A)a drug and a person's body chemistry.
• B)a person's drug use and the effect of the drug.
• C)when a drug is taken and the intensity of its effect.
• D)how a drug is taken and how strong a response it produces.

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Definitions:

Optimal Level

The most efficient, effective, or desirable point or state for a specific objective or condition.

Shift

Movement of a supply or demand curve on a graph, indicating a change in equilibrium quantity and/or price in the market.

Subsidy

Financial support extended by the government to a sector, industry, or individual, intended to promote economic and social policy objectives.

Negative Externality

A cost imposed without compensation on third parties by the production or consumption of sellers or buyers. Example: A manufacturer dumps toxic chemicals into a river, killing fish prized by sports fishers. Also known as an external cost or a spillover cost.