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Differentiate.
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Obamacare
Informal term for the Affordable Care Act, a comprehensive health care reform law enacted in March 2010 in the United States aimed at expanding health insurance coverage and reducing healthcare costs.
Externalities
The positive or negative impacts of a market transaction experienced by third parties not directly involved in the transaction.
Marginal Cost
The change in total cost that arises when the quantity produced is incremented by one unit, essentially the cost of producing one additional unit of a good.
Global Warming
The long-term rise in Earth's average surface temperature due to human activities, particularly the emission of greenhouse gases, leading to climate change.
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