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The book, The Bell Curve, is important because it documents the casual link between genetics, race and intelligence.
External Benefit
A benefit that affects parties not directly involved in a transaction, leading to positive side effects or externalities.
Harmful Chemicals
Substances that are toxic or dangerous to health and the environment.
Equilibrium Quantity
The quantity of goods or services supplied equals the quantity demanded at the market price, achieving market balance.
Output
The cumulative quantity of products or services generated by a company, sector, or economic system within a specific timeframe.
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