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Non-Socially Optimal Results Driven by Self-Interested Actions of Individuals Is

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Non-socially optimal results driven by self-interested actions of individuals is


Definitions:

Government

The institution or group of people that governs and makes decisions for a community, state, or nation.

Imports

Goods and services purchased by a country from other countries, which contribute to the nation's supply but require expenditure of domestic currency.

Exports

Goods or services sent from one country to another country for sale or trade.

Excise Tax

A tax on the production, sale, or consumption of a particular good or service.

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