Examlex
The Immigration Reform Act did not alter the rate or national origin of immigration after 1965.
Market Price
The current price at which an asset or service can be bought or sold in a given market.
Marginal Cost Function
A mathematical representation showing how the cost of producing one additional unit of a good changes as the quantity of production varies.
Marginal Benefit
The extra pleasure or benefit gained by a person when they consume one more unit of a specific product or service.
Moral Hazard
The situation where one party is involved in a risky event beyond their control but is protected against the risk because another party bears the cost of those risks.
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