Across
- 3. perceived fairness of an outcome
- 4. excluding those who refuse to pay from enjoying the benefits
- 6. the output would be reduced if MSC _____ than MSB
- 7. produced a desired result with minimum of expense
- 10. free rider
- 11. _______economics aims people's desirability
- 12. transfer of money from government to entity and lead to a fall in price
Down
- 1. the reduction in pollution that results from the reduced emission is pollution ________
- 2. cost or benefits of market transactions not reflected in price
- 5. the _________required for efficient output is when MSB=MSC
- 8. corrective tax is a charge for emitting___________
- 9. _____ economics reflects the cause-effect relationship