Examlex
According to arousal theory, the higher a person's level of arousal, the higher his or her level of motivation to engage in physiologically arousing behavior.
Positive Externality
A benefit that is enjoyed by a third-party as a result of an economic transaction, without them necessarily being involved in the transaction.
Marginal Social Benefit
Sum of the marginal private benefit plus the marginal external benefit.
Demand Curve
A graph showing the relationship between the price of a good and the quantity demanded.
Abatement
The reduction or removal of environmental pollutants or negative externalities to improve environmental quality.
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