Examlex
Psychologists and behavior geneticists who study the heritability of intelligence express the degree to which heredity determines intelligence within a particular human group in terms of a ____.
MSB
Stands for Marginal Social Benefit, representing the additional benefit to society from consuming one more unit of a good or service.
MSC
Marginal Social Cost, which refers to the total cost to society of producing an additional unit of a good or service.
Sulfur Emissions
Gaseous releases of sulfur compounds into the atmosphere, primarily from burning fossil fuels, which can cause environmental damage and health issues.
Coase Theorem
A principle suggesting that under certain conditions, when externalities are present, parties can negotiate agreements to allocate resources efficiently without government intervention, as long as property rights are clearly defined and transaction costs are low.
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