Examlex
What are the effects of ETS on children?
Rival in Consumption
A characteristic of goods where one individual's consumption prevents or decreases others' ability to consume the same good.
Corrective Tax
A tax designed to correct market outcomes by accounting for externalities, encouraging more efficient allocation of resources.
Variable Toll
A pricing strategy that adjusts toll amounts based on current traffic conditions, often used to manage congestion on roads.
Congested
Describes a state of overcrowding or overloading, often used in the context of traffic, networks, or systems running at or beyond capacity.
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