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Describe the current roles and responsibilities of a typical provincial/territorial workers' compensation board. Then extend the discussion by giving two examples of how provincial/territorial boards can differ from each other in terms of policy and/or practice.
Externality
An externality is a cost or benefit caused by a producer that is not financially incurred or received by that producer.
Market Exchange
The process through which goods, services, or assets are traded between buyers and sellers at a determined price.
Negative Externalities
Unintended and unfavourable outcomes of an activity or transaction that affect third-party stakeholders who did not choose to be involved in that activity.
Positive Externalities
Benefits experienced by a third party not directly involved in the production or consumption of a good or service.
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