Examlex
What is the information reporting system? Give on example.
Asymmetric Information
Asymmetric information occurs when one party in a transaction has more or better information than the other, often leading to imbalances in decision making and potentially unfair outcomes.
Pollution Abatement
The reduction or elimination of pollutants released into the environment, often through regulatory policies or technology changes.
Pigouvian Tax
A tax imposed on activities that generate negative externalities, aiming to correct an inefficient market outcome by increasing the cost to include the external costs.
CFCs
Chlorofluorocarbons; chemical compounds used in aerosol sprays and refrigerants that have been found to deplete the ozone layer.
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