Examlex
Dylan picks up an object he has not seen before.He immediately puts it in his mouth.Dylan's behavior is representative of which stage of cognitive development?
Market Failure
When the free market's distribution of goods and services is inefficient, it typically results in a reduction of societal welfare.
Inefficient Allocation
A situation where resources are not used in the best possible way, often leading to waste or unmet needs.
Negative Externality
An undesirable outcome of an economic activity that affects third parties who did not choose to incur that cost or benefit.
Air Pollution
The presence of substances in the atmosphere that are harmful to human health, the environment or cause climate change.
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