Examlex
Dr.Johns is studying the effects of caffeine on memory.After comparing the subjects taking a placebo with those taking caffeine pills he concludes that caffeine enhances memory.He most likely used _____ to determine the difference between groups.
Negative Externality
A negative externality is a cost imposed on a third party not involved in the production or consumption of a good or service, such as pollution.
Positive Externality
A beneficial effect experienced by a third party who did not choose to incur that benefit, often resulting from an individual's or firm's actions.
Corrective Tax
A tax designed to internalize externalities, effectively correcting market outcomes that might otherwise result in social inefficiency.
Command-And-Control Policies
Regulatory strategies where the government sets specific limits and controls on emissions or discharges, often requiring technology or methods to be used.
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