Examlex
Consider the following data to answer the questions that follow.
-If these are the only five countries in the world,then country B produces _______ of world GDP.
Pollution Tax
A financial charge imposed on the emission of pollutants, intended to motivate reductions in harmful environmental discharges.
Unit of Production
A single complete item or a specified amount of a commodity produced.
Positive Externality
An economic situation where a third party benefits from a transaction or activity they are not directly involved in.
Negative Externality
A cost suffered by a third party due to an economic transaction or activity, without compensation, such as pollution from a factory affecting nearby residents.
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