Examlex
A subsidy may be used as a corrective device in the case of a positive externality because it will __________ marginal private benefits and __________ demand.
4WD
Four-Wheel Drive, a drive system where torque is supplied to all four wheels of the vehicle for improved traction.
High-Performance
Refers to vehicles or components designed for enhanced speed, power, and handling capabilities beyond standard specifications.
Luxury
A state or condition of great comfort, opulence, and extravagant living.
Economy
A system of production, distribution, and consumption of goods and services within a particular geographical area.
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