Examlex
Using your knowledge of osmosis or osmotic pressure decide if the following statement is true or false:
-Drinking salt water actually dehydrates our tissues.
Artificially Scarce Good
A good that is made scarce through artificial means such as through intellectual property rights or monopoly pricing, despite its capacity for abundant supply.
External Cost
An uncompensated cost that an individual or firm imposes on others; also known as negative externality.
Marginal Costs
The additional financial burden incurred from producing another unit of a product or service.
External Cost
A cost incurred by a third party who did not agree to the action causing the cost.
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