Examlex
Rank the following in order of their importance to the commencement of the Civil War in April 1861: Kansas-Nebraska Act, Dred Scott decision, John Brown's raid, and Lincoln's election. Justify your ranking.
Negative Externality
A cost experienced by a third party who did not choose to incur that cost, often related to environmental, social, or health issues.
Uncompensated Cost
Costs that occur when an action has effects, positive or negative, on third parties without those parties being compensated.
Social Cost
The total cost of an activity, including both private costs borne by the producer and external costs suffered by others.
External Costs
Costs incurred by someone who does not participate directly in a transaction or activity, often relating to environmental or societal impacts.
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