Examlex
If you accept the "two-world assumption," you are vulnerable to skepticism.
Externalities
Economic side effects or by-products that affect an uninvolved third party; can be positive or negative.
Pollution Abatement
Measures and processes undertaken to reduce, control, or eliminate pollution from various sources.
Optimal Amount
The quantity of a good or service that yields the highest utility or benefits under specific conditions.
Moral Hazard
A situation in economics where one party is more likely to take risks because another party bears the costs of those risks.
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