Examlex
______ refers to the systematic persecution and extermination of a group of people based on their national, ethnic, racial, or religious identity.
Output
The total amount of goods and services produced by an economic system or by a firm.
Marginal Benefit
The boost in satisfaction or utility received from consuming one more unit of a good or service.
Efficiency Loss
The reduction in economic efficiency due to factors like market distortions, resulting in resources not being allocated optimally.
Deadweight Loss
refers to the loss of economic efficiency that can occur when the equilibrium for a good or service is not achieved, leading to a reduction in total societal welfare.
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