Examlex
The person associated with the law of effect is _______.
Social Optimum
The ideal level of allocation of resources that results in the highest possible economic welfare for society.
Corrective Tax
A tax designed to encourage or discourage certain behaviors by including the cost of externalities, thereby correcting an inefficient market outcome.
Tax Revenue
The income that is gained by governments through taxation, serving as a primary source of financing government expenditures.
Tradable Pollution Permits
An economic strategy aimed at reducing pollution through financial motivations designed to cut down on pollutant emissions.
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