To Look Up the Definition of a Word, Select It

question 19

Short Answer

To look up the definition of a word, select it, click the Thesaurus button to open the ____________________ task pane, and navigate to the Encarta Dictionary.

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Definitions:

Externality Compensation

Payments or remedies provided to offset the unintended negative or positive effects imposed on third parties by the production or consumption of goods and services.

Efficient Outcome

An allocation of resources in which it is impossible to make any one individual better off without making at least one individual worse off.

Marginal Cost

The cost associated with producing one additional unit of output, focusing on how total production costs change with production volume adjustments.