Examlex
To determine if age,education,and parental support have a measurable effect on if children become delinquent or not,which of the following should be performed?
Marginal Social Cost
The additional cost incurred by society as a whole due to the production of one more unit of a good or service.
Damage Cost
The monetary cost associated with the harm done to goods in an economy, which can result from disasters, accidents, or intentional acts.
Negative Externality
An adverse effect suffered by a third party as a result of an economic transaction in which they had no involvement.
Internalize
The process of incorporating the cost of externalities into the decision-making process of firms or individuals.
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