Examlex
Ever since his car accident, Joe has difficulty remembering what his friends do for a living, although he can remember their names. This dysfunction is evidence for:
Marginal Social Cost
The overall expense to society of producing one additional unit of a good or service, including both private costs and any externalities.
Coal Mine Pollution
Environmental contamination resulting from the extraction and processing of coal, including air and water pollution.
Catalytic Converters
Devices incorporated in the exhaust system of vehicles that reduce harmful emissions by converting pollutants into less harmful substances.
Internalization of Externalities
Refers to actions taken to incorporate the external costs or benefits of a good or service into the price paid by the consumers or producers.
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