Examlex
Which of the following would be included in this year's gross domestic product (GDP) ?
Coase Theorem
A principle that asserts that if private parties can bargain over the allocation of resources without cost, they can solve the problem of externalities on their own.
Externalities
Economic outcomes that impact third parties not directly involved, which can either be advantageous or disadvantageous.
Significant Costs
Expenses that are sufficiently large to impact an entity's financial decisions or financial statements.
Externalities
Economic impacts of a product or service on parties who do not directly participate in the transaction, which can be negative (pollution) or positive (vaccination benefits).
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