Examlex
What term is used to describe the phenomenon when voters adjust their long-term allegiance from one party to another in response to ideological changes?
Import Quotas
Government-imposed limits on the volume of specific goods that can be imported, aimed at protecting domestic producers by controlling market supply.
Globalization
The integration of national economies into a worldwide economy.
American Consumer
An individual in the United States who purchases goods and services for personal use.
Frederic Bastiat
A 19th-century French economist and writer known for his advocacy of free trade and his witty criticisms of protectionism and socialism.
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