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Which of the following is an intended benefit of China's Three Gorges Dam on the Yangtze River?
Federal Excise Tax
A tax imposed by the federal government on the sale of certain goods and services, such as gasoline, alcohol, and tobacco.
Efficiency Loss
The loss of economic efficiency that can occur when the balance between supply and demand is not achieved or when market conditions lead to a misallocation of resources.
Marginal Benefit
The additional satisfaction or utility gained by consuming or producing one more unit of a good or service.
Marginal Cost
The increase in cost that results from producing one additional unit of a good or service.
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