Examlex
The use of a beeper to keep track of a person traveling on public roads does not constitute a search.
Tariff Revenue
Income that a government collects from imposing duties on imported goods.
Consumer Surplus
The divergence between the amount consumers are willing to pay for a product or service and the amount they actually pay.
Producer Surplus
Producer surplus is the difference between what producers are willing to accept for a good compared to what they actually receive, usually measured by the area above the supply curve and below the market price.
Total Surplus
The aggregate net advantage to society, encapsulated by both consumer and producer surplus within a market.
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