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Recall Application 2, "More Disability, Less Unemployment?" to answer the following questions:
-According to the application, changes in the federal Disability Insurance program:
Pollution
The occurrence or release of harmful or toxic materials into the environment.
External Costs
Costs that are not borne by the parties to a transaction but are imposed on others, such as pollution affecting non-participants.
Output
The amount of goods or services produced by a company, industry, or economy in a given period.
Marginal Social Benefit
The additional benefit to society from one more unit of a good or service being produced and consumed.
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