Examlex
In terms of the geologic cycle,which of the following is an endogenic process?
Adverse Selection
A situation in insurance and markets where higher-risk individuals are more likely to select and use insurance or services, potentially leading to market inefficiencies.
Externalities
Economic side effects or consequences that affect uninvolved third parties; can be positive or negative.
Diminishing Utility
A principle in economics that as consumption of a good or service increases, the marginal utility derived from each additional unit decreases.
Fed
Short for the Federal Reserve, which is the central banking system of the United States, responsible for monetary policy.
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