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    Economics Principles and Policy Study Set 1
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    Exam 16: Externalities, the Environment, and Natural Resources
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    Define the Following Terms and Explain Their Importance to the Study
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Define the Following Terms and Explain Their Importance to the Study

Question 68

Question 68

Essay

Define the following terms and explain their importance to the study of economics.
a.greenhouse gases
b.externality
c.emissions permits
d.known reserves

Correct Answer:

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a.Greenhouse gases are buildups of carbo...

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