Classify the Following Definition According to Its Use: to Reduce

question 332

Short Answer

Classify the following definition according to its use: to reduce vagueness, to introduce or explain a new or unusual word, to evoke an attitude about something, or to accomplish some other purpose.
Energy-efficient house: a house that, at a minimum, has no teenagers.

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Definitions:

Marginal Social Cost

The total cost to society of producing an additional unit of a good, including both private costs and any externalities.

External Cost

Costs of a transaction that affect people other than the buyer or seller, often not included in the price of goods or services.

Efficient Amount

The level of production or quantity of a good that optimizes the use of resources to achieve the highest possible satisfaction or benefits.

Unregulated Amount

A quantity or volume not controlled or limited by laws or administrative rules, often relating to production or trade.