Examlex
Cyclical unemployment is caused by a mismatch between workers' skills and current employer needs.
Emissions Tax
A tax imposed on the emission of pollutants, aimed at reducing environmental harm.
Optimal Tax
A tax system designed to achieve the best balance between efficiency and equity.
Marginal Social Benefit
The supplementary gain for society derived from the consumption of one extra unit of a good or service.
Marginal Social Cost
The cost to society of producing an additional unit of a good or service, including both private costs and any externalities.
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