Examlex
Assignments of future wages are subject to statutes that sometimes prohibit them altogether.
Nonrival
A good or service is nonrival if its consumption by one individual does not reduce its availability to others.
Nonexcludable
A characteristic of public goods: Once a good is produced, no one can be excluded from enjoying its benefits.
Marginal Social Benefit
The additional gain to society as a whole from consuming or producing one more unit of a good or service.
Marginal Social Cost
The additional cost imposed on society as a whole by producing one extra unit of a good or service.
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