Examlex
Randall has $25,000 and is considering investing in bonds. With this amount of start up money he should look into which of the following bonds?
Externalities
Economic side effects or consequences that affect uninvolved third parties; can be positive or negative.
Diminishing Utility
A principle in economics that as consumption of a good or service increases, the marginal utility derived from each additional unit decreases.
Fed
Short for the Federal Reserve, which is the central banking system of the United States, responsible for monetary policy.
Externalities
Costs or benefits that affect parties who did not choose to incur that cost or benefit, often leading to market failure if unaddressed.
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