Examlex
When Mr.Thompson lived overseas for a year,he was very surprised at how much respect he received from people simply because he was an older person.His sense of surprise suggests that he had NOT previously lived in a culture characterized by
Marginal Social Benefit
The increased benefit for the public from producing or consuming an extra unit of a good or service.
Marginal Social Benefit
The additional benefit to society as a whole from the consumption of one more unit of a good or service.
Marginal Social Cost
The additional cost incurred by society as a whole due to producing one more unit of a good or service.
Pollution
The contamination of the natural environment, leading to adverse effects on ecosystems and human health.
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