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Purchasing power parity determines the exchange rate in
Positive Externality
A benefit that is enjoyed by a third-party as a result of an economic transaction or activity in which they did not directly participate.
Marginal Social Benefit
The additional benefit to society from consuming one more unit of a good or service.
Marginal Private Cost
The cost incurred by a firm for producing one additional unit of a good, exclusive of any external costs.
Technology Spillovers
Benefits that firms or countries obtain by imitating or learning from the innovations of others, often without incurring the cost of innovation.
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