Examlex
Starla was impressed by the computerization of court records which were accessible to the judge and attorneys via computers. This would be referred to as a(n) :
Joke
A narrative or statement intended to provoke laughter or amusement.
Market Failure
A situation in which the allocation of goods and services by a market is not efficient, often leading to a net social welfare loss.
Imperfect Information
A situation where buyers, sellers, or both lack the necessary information to make informed decisions about the market.
Private Goods
Goods that are excludable and rivalrous, meaning their consumption by one individual prevents another from consuming them.
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