Examlex
Mr. Gregg has made an inflammatory speech denouncing the action of the government in the recent war. In this scenario, the court will uphold the governmental restrictions on his speech only:
Socially Optimal
A situation in which resources are allocated in the most efficient manner from the perspective of society as a whole.
Subsidize
Financial support extended by a government or organization to lower the production costs or price of goods and services, making them more accessible to the public.
Negative Externalities
Costs suffered by a third party as a result of an economic transaction, which are not reflected in the transaction's price.
Taxed
The act of imposing financial charges on individuals or entities by a governmental organization in order to fund public spending.
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