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Which of the Following Statements Is True of the Effect

question 152

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Which of the following statements is true of the effect of substance abuse by pregnant mothers?


Definitions:

Real Income

The earning power of a person's money, considering the effects of inflation on purchasing power.

Wages

Payment to resource owners for their labor.

Externality

A consequence of an economic activity experienced by unrelated third parties; it can be either positive or negative.

Precision-estimates

The accuracy of an estimate in terms of how closely it predicts the actual value, often relevant in statistical analyses and forecasting.

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