Examlex
A psychological test that measures what we intend it to measure is said to be __________
Externalities
Economic side effects or consequences that affect uninvolved third parties; can be either positive or negative.
Socially Optimal Price
A price point at which the social cost of producing a good or service is equal to the social benefit derived from its consumption, leading to an efficient allocation of resources.
Units
A standard measure or quantity used as a means of expressing or accounting for something, such as in production, sales, or comparison.
Pollution Permits
Licenses issued by governments that allow the holder to emit a certain amount of pollution; these can be traded in a market.
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