Examlex
Give an example of a society with extremely rigid social ranking.What factors function to maintain such a structure?
Marginal Social Benefit
The additional gain to society as a whole from an additional unit of a good or service.
Emissions Tax
A tax imposed on the emission of pollutants, aimed at reducing the environmental externality costs of these emissions.
Optimal Tax
A tax designed to generate government revenue with the minimum economic distortion or welfare loss.
Marginal Social Cost
The total cost to society of producing an additional unit of a good or service, including both the cost to the producer and the cost of any negative externalities associated with production.
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