Examlex
We grant a certain latitude toward acceptance or rejection of new ideas about an object for which we already hold an opinion. The tendency to characterize ideas falling in the area of rejection as farther from our position than they actually are results in a(n) ________ effect.
Traffic Congestion
The overcrowding of vehicles in an area, leading to slower speeds, longer trip times, and increased vehicular queuing, often analyzed in urban economics.
Marginal Social Benefit
Refers to the additional benefit to society as a whole from one more unit of a good or service being produced and consumed.
Marginal Social Cost
The total cost to society of producing an additional unit of a good or service, taking into account the cost to producers and any costs to other members of society.
Sulfur Emissions
The release of sulfur compounds, primarily sulfur dioxide (SO2), into the atmosphere, often from industrial processes, causing environmental pollution and acid rain.
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