Examlex
What was found to be effective in reducing the amount of alcohol freshmen drink?
Marginal Benefit
The gain in pleasure or value received from the consumption of one more unit of a good or service.
Public Project
A project typically financed and operated by the government designed to serve the public interest or provide a public good.
Majority Vote
A method of decision-making where the option that receives more than half of the votes wins.
Negative Externalities
Costs experienced by a third party not involved in a transaction, arising from production or consumption of goods and services.
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