Examlex
The ___________ is a phenomenon whereby a mass moving in a rotating system experiences a force acting perpendicular to the direction of motion and to the axis of rotation.
Artificially Scarce Good
A product or service whose availability is restricted through patents, copyrights, or other legal means, rather than by the limits of physical scarcity.
Pigouvian Tax
A tax imposed on activities that generate negative externalities, intended to correct an inefficient market outcome by internalizing the external costs.
Efficient Level
A point at which resources are allocated in the most effective manner, maximizing output without wasting resources.
Excludable
A characteristic of a good or service that allows its owner to prevent others from using it without permission.
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