Examlex
The phenomenon that causes people to subject messages that are incompatible with prior beliefs to greater scrutiny is referred to as:
External Costs
Costs of economic activities that are not reflected in the market price, affecting parties who did not choose to incur that cost.
Supply Curve
A graphical representation of the relationship between the price of a good or service and the quantity supplied for a given period.
Aluminum Production
The industrial process of extracting aluminum from its oxide, alumina, typically through the Hall-Héroult process.
Positive Externality
A benefit received by someone who had nothing to do with the activity that generated the benefit, often leading to an underproduction of the good/service in a free market.
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