Examlex
Although the main focus for many members of Congress was tax reform for the current legislative session, things have shifted towards discussions on healthcare reform instead. This is an example of ______.
Consumer Surplus
The difference between what consumers are willing to pay for a good or service and what they actually pay, measuring the benefit consumers receive from a transaction.
Free Trade
The absence of tariffs, duties, or trade barriers that allows for the unrestricted import and export of goods between countries.
Domestic
Pertaining to or produced within a country's borders, often in contrast to foreign or international.
Import Quota
A government-imposed limit on the quantity or value of goods that can be imported into a country.
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