Examlex
A(n) ________ is an official ban on exports to or imports from a particular country, in order to isolate it and punish its government.
Industry Curve
A graphical representation showing how the average costs of production change as the total output of an industry changes.
Private Bargaining
The process of negotiating terms directly between parties without external intervention.
Externality
An outcome from economic behavior that impacts individuals not directly involved, which may be beneficial or harmful.
Initial Assignment
The initial distribution or allocation of tasks, responsibilities, or resources at the start of a project or process.
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