Examlex
In Spearman's two-factor approach to intelligence, the amount of "g" or "s" varies as a function of the characteristic being examined.
Texting While Driving
The act of composing, sending, or reading text messages, emails, or making similar use of the web on a mobile phone while operating a motor vehicle.
Economically Efficient
A situation in which resources are allocated in a way that maximizes the net benefit to society.
Marginal Private Benefit
Marginal Private Benefit is the additional benefit or satisfaction received by consumers or producers for consuming or producing one more unit of a good or service.
Marginal Private Cost
The cost incurred by a firm or individual resulting from producing one more unit of a good, excluding externalities or effects on third parties.
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