Examlex
The lithosphere and asthenosphere are layers of Earth defined by their_____________ .
Economic Efficiency
A situation in which resources are used in a way that maximizes the production of goods and services at the lowest cost.
Ideal Economic Efficiency
A situation in which resources are allocated in a way that maximizes the net benefit to society.
Market Failure
Refers to a situation where the allocation of goods and services by a free market is not efficient, often leading to negative externalities.
Externalities
Indirect effects of production or consumption activities on third parties, which can be either positive or negative and are not reflected in market prices.
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