This question tests recognition of which hepatitis B serologic marker reflects active viral replication.
HBsAg: shows infection is present but stays positive in both actively replicating and quiescent carrier states, so it cannot be used to judge replication.
HBcAg: never appears free in serum because it is confined to the infected hepatocyte, so it is not a usable blood marker at all.
HBeAg: is a secreted, soluble protein only produced when the virus is actively replicating and packaging new virions, making it the direct marker of infectivity and viral turnover.
Anti-HBs: is the neutralizing antibody that appears after the virus has been cleared or after vaccination, marking immunity rather than active infection.