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If, as Daniels (2006) says, we may have the first reversal in increasing longevity in modern life, what would happen?
Computer Chips
Small pieces of semiconductor material (usually silicon) with an integrated circuit (IC) used in electronic devices to perform computing tasks and other functions.
Negative Externality
A situation where a third party suffers costs from an economic transaction in which they are not directly involved.
Patent
A government-granted exclusive right to an inventor, allowing them the sole right to make, use, and sell an invention for a certain period of time.
Socially Optimal Outcome
A state in which a market or economy operates at peak efficiency, distributing resources in a way that benefits the maximum number of people.
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