Examlex
Identify and describe the procedures of three different mnemonic strategies.
Peak Driving
Peak driving refers to periods of high demand for gasoline, often coinciding with certain times of the year like summer holidays, resulting in higher gasoline prices due to increased consumption.
Pollution Rights
Tradable permits allowing the holder to emit a certain amount of pollution, used to control the level of pollutants by setting a market price for emissions.
Moral Hazard
A situation in finance and insurance where one party takes on excessive risk because they don't bear the full consequences of their actions.
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