Examlex
What is a federal budget? Explain how a federal budget is framed.
Clean Air
Refers to the state of the atmosphere when it is free from pollutants and contaminants, enhancing environmental health and quality of life.
Too Little Consumption
A situation where individuals or the economy as a whole are consuming less than optimal, possibly leading to underutilization of resources and a decrease in economic wellbeing.
Nonexcludable
A characteristic of public goods where it is not feasible to exclude individuals from using the good, leading to potential free-rider problems.
Common Resource
A resource, like air or water, that is accessible to all members of a society but subject to overuse and depletion.
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