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Eileen has a comparative advantage over Jan in piano tuning but not in shoe polishing.Therefore,
Environmental Standard
Guidelines and criteria set by authorities or international bodies to protect the environment by regulating emissions, pollutants, and resource usage.
Climate Change
Long-term shifts and alterations in temperature, precipitation patterns, and weather events, largely attributed to human activity, especially carbon emissions.
Fuel Efficiency
A measure of how effectively a vehicle uses fuel, often expressed as the distance traveled per unit of fuel.
Marginal Social Benefit
The additional benefit received by society from producing one more unit of a good or service.
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