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If Reducing Trade Barriers Is Supposed to Improve Consumer Surplus

question 94

Essay

If reducing trade barriers is supposed to improve consumer surplus and reduce deadweight loss, why is it so difficult to reduce trade barriers?


Definitions:

Reasonable Apprehension

A legal standard referring to the fear or anticipation of harm that a person of ordinary sensibilities would feel under similar circumstances.

Assault

An intentional act by one person that creates an apprehension in another of an imminent, harmful, or offensive contact.

Assault

An act that threatens physical harm to a person, whether or not actual harm is done.

Battery

A legal term referring to the intentional and unpermitted contact with another person, causing harm or offense.

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