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Explain the difference between an export subsidy and an import tariff. Under what circumstances would a country use one versus the other? Who gains and who loses under each policy?
Compounded Annually
Interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a loan or deposit.
Inheritance
Wealth or attributes passed on to heirs upon the death of an individual.
Lump Sum
A lump sum is a single payment of money, as opposed to a series of payments made over time.
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