Examlex
Which of the following occur as an object is moved closer to the eyes?
External Benefits
Positive effects experienced by third parties as a result of an economic transaction not directly involved.
Efficient Outcome
A situation in which no individual can be made better off without making someone else worse off, typically referring to an optimal allocation of resources.
Output Level
The total quantity of goods or services produced by a firm or industry within a specific period.
External Costs
Costs that are not borne by the producer or consumer of a good or service, but by third parties or society as a whole, such as pollution.
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