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'Cookies' are text files that remain on a user's computer in order to identify that person when he or she revisits websites.
Illegal Activities
actions that are forbidden by law and subject to criminal penalties.
Missed Opportunities
Potential benefits or gains that are forfeited when a choice is made over alternative options.
Quota Rents
Revenue earned by the holder of import quotas, calculated by the difference between the domestic price and the world price of the imported goods.
Equalibrium Quantity
The quantity of goods or services that is supplied and demanded at the equilibrium price, where the quantity supplied equals the quantity demanded.
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