Examlex
Which group of people colonized New Amsterdam,which was taken over by the British in 1664 and renamed New York?
Incentive
Something that motivates or encourages an individual or entity to act in a certain way.
Costs And Benefits
This is an analysis approach that compares the potential outcomes and implications, in terms of costs and benefits, of an action or decision.
Marginal Social Benefit
The extra advantage to society that comes from using an additional unit of a product or service.
Marginal Social Cost
The total cost to society of producing one additional unit of a good, including both private costs and externalities.
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