As Long as There Is Oxygen (O₂)in Earth's Atmosphere,there Will

question 26

True/False

As long as there is oxygen (O₂)in earth's atmosphere,there will always be ozone in the upper atmosphere.

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Definitions:

External Benefits

Positive effects experienced by third parties or the broader society as a result of an economic transaction or activity that are not reflected in market prices.

Market Demand Curve

A graphical representation showing the relationship between the price of a good and the total quantity demanded by all consumers in the market.

Positive Externality

A benefit that affects a party who did not choose to incur that benefit, often associated with public goods and services.

Free-Market Economy

An economic system where prices are determined by unrestricted competition between privately owned businesses without government intervention.