Examlex
If you were given the task of choosing a biological control agent for a reed from China that has become invasive in the southeastern U.S. ,what do you think would be the best choice? Consider both the effectiveness and the safety of the agent you be releasing.
Negative Externality
A cost that affects a party who did not choose to incur that cost, often associated with environmental damage, public health issues, or other societal impacts.
Texting While Driving
The act of composing, sending, or reading text messages, emails, or making similar use of the web on a mobile phone while operating a motor vehicle.
Economically Efficient
A situation in which resources are allocated in a way that maximizes the net benefit to society.
Marginal Private Benefit
Marginal Private Benefit is the additional benefit or satisfaction received by consumers or producers for consuming or producing one more unit of a good or service.
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