Examlex
What is meant by the term "internalizing an externality"? How does a Pigovian tax or subsidy internalize an externality?
Terms
In logic, the concepts or entities used in an argument or statement.
Donkey
A domesticated hoofed mammal of the horse family with long ears and a braying call.
Ass
A term that, depending on context, can colloquially refer to a person's buttocks or disparagingly refer to a person considered foolish or stubborn.
Dead Metaphor
A metaphor that has been used so often it has lost its original figurative meaning and is taken literally.
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