Examlex
In an experiment on classical conditioning, a tone is followed by a puff of air to the eyes. After several repetitions, subjects blink their eyes when they hear the tone. In this experiment, the tone is the __________ and the puff of air is the __________.
Emissions Tax
A tax imposed on the emission of pollutants, aimed at reducing environmental harm.
Optimal Tax
A tax system designed to achieve the best balance between efficiency and equity.
Marginal Social Benefit
The supplementary gain for society derived from the consumption of one extra unit of a good or service.
Marginal Social Cost
The cost to society of producing an additional unit of a good or service, including both private costs and any externalities.
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