Examlex
How did the Eisenhower administration respond to Brown v. Board of Education and issues of racial justice in the second half of the 1950s?
Market
An economic system or environment where buyers and sellers engage in exchanges of goods, services, or information.
Total Surplus
The sum of consumer surplus and producer surplus, representing the total net benefits to society from a market transaction.
Private Value
The individual valuation of a good or service to a particular consumer or producer, not taking into account external effects or social welfare.
External Benefits
Positive effects of a product or service on individuals or entities who are not directly involved in the transaction or production of the product or service.
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