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How did the artistic Renaissance differ in Italy and northern Europe?
Positive Externalities
Benefits experienced by third parties or society at large from an economic transaction, such as improved public health or education levels, not reflected in market prices.
Subsidies
Financial support from the government to businesses, individuals, or other governmental bodies to encourage or maintain an activity that has a public good.
Liability Rules
Legal principles that determine how the responsibility for damages or losses is allocated among parties in legal disputes.
Pollution
The occurrence or entry of harmful or toxic materials into the environment.
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