Examlex
How did the idea of "race" transform Europeans' idea of their superiority over other peoples?
Pollution Rights
Tradable permits or certificates that allow the holder to emit a specific amount of pollution; used to regulate and limit overall pollution.
Demand Curve
A visual depiction showing the connection between the cost of a product or service and how much of it is wanted over a specific time frame.
Positive Externality
A benefit that affects someone who did not choose to incur that benefit, typically associated with public goods or services, like education or vaccination.
Market Inefficiency
A situation where resources are not allocated optimally, leading to a waste of resources or an inability to reach market equilibrium.
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