Examlex
Due to the pollution and other environmental problems in East. St. Louis, the children of this city have one of the highest rates of which of the following diseases?
Negative Externalities
Costs suffered by a third party due to an economic transaction that they were not involved in, such as pollution from a factory affecting nearby residents.
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.
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