Oxides of Group 1A (1) and 2A (2) Elements Are

question 52

True/False

Oxides of group 1A (1) and 2A (2) elements are strongly acidic.

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Definitions:

Market Equilibrium

The state in a market where the quantity demanded of a good matches the quantity supplied, leading to a stable price for the good.

Corrective Subsidy

A financial incentive provided by the government designed to encourage activities that yield external benefits or to correct a market failure by reducing private costs.

Social Optimum

The most efficient allocation of resources, resulting in the maximization of social welfare and benefiting all members of a society.

Corrective Tax

Levies imposed to address and ameliorate the negative externalities generated by certain economic activities, thereby realigning social and private costs.