Examlex
Which of the following lakes is the world's largest and deepest?
Congested Nontoll Road
A road that experiences high traffic levels leading to delays, without charging fees for use.
Rival In Consumption
Describes a type of good where one person's consumption prevents or decreases another's ability to consume the same good.
Corrective Tax
A tax designed to induce private decision makers to take into account the social costs that arise from a negative externality.
Externality
A side effect or consequence of an industrial or commercial activity that affects other parties without this being reflected in market prices.
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