Examlex
Donna Hernandez has applied for the position of data systems operator in one of the federal governmental agencies.As part of the selection process,she takes a civil services examination that measures her existing knowledge and skills.This scenario exemplifies a(n) _____.
Positive Externalities
Benefits that occur to a third party not directly involved in an economic transaction, leading to underproduction if not addressed.
Patent Policy
Guidelines and laws governing the protection of inventions and innovations, ensuring inventors have exclusive rights to their creations for a predetermined period.
Government Intervention
The active involvement by a government in the economic or social affairs of a country, which can include regulations, subsidies, tariffs, and public services.
Internalize Externalities
The process of adjusting market prices to account for the external costs or benefits generated by a product or service's production or consumption.
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