Examlex
The total world population is forecast to hit 9 billion by 2050, at which point the United Nations predicts the total population will either stabilize or peak after growing for centuries at an ever-accelerating rate. The main reason for this major shift is the ________.
External Cost
An uncompensated cost that an individual or firm imposes on others; also known as negative externality.
Marginal Costs
The additional financial burden incurred from producing another unit of a product or service.
External Cost
A cost incurred by a third party who did not agree to the action causing the cost.
Marginal Costs
The additional cost of producing one more unit of a product or service.
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