When All Costs and Benefits of a Transaction Are Borne

question 46

Multiple Choice

When all costs and benefits of a transaction are borne by the participants of that transaction:

• A)the market outcome will be inefficient.
• B)then private costs and social costs are identical.
• C)negative externalities exist.
• D)positive externalities exist.
• E)the private costs are more than the social costs.

---

Definitions:

Health Conditions

States of physical, mental, or emotional well-being, including the presence or absence of diseases or impairments.

Culturally Congruent Care

Care that fits people's valued life patterns and sets of meanings generated from the people themselves. Sometimes this differs from the professionals' perspective on care.

Valued Life Patterns

Refers to behaviors, routines, and activities that individuals prioritize and find meaningful in their lives, contributing to their sense of purpose and well-being.

Health Literacy

Patients' reading and mathematics skills, comprehension, ability to make health-related decisions, and successful functioning as a consumer of health care.