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Carol Has Just Completed Her Participation in a Research Study

question 61

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Carol has just completed her participation in a research study. Before she leaves the graduate student whom was present during the experiment explained the real purpose of the study as well as why he did not tell her the whole truth about the study at the beginning. He also asked her if she had any questions and he answered the one question she had. This is an example of:


Definitions:

Pollution

The introduction of harmful substances or products into the environment, causing adverse effects on living beings and ecosystems.

Marginal Social Cost

The additional cost to society as a whole of producing one extra unit of a good or service.

Too Little

A situation where the quantity or amount available or supplied is insufficient to meet demand or requirements.

External Cost

Costs of a transaction that affect people other than the buyer or seller, typically not reflected in the market price.

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