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The altar of Pergamum was
Import Tariff
A tax imposed by a government on goods and services imported from other countries, used to control trade.
Deadweight Loss
A loss of economic efficiency that can occur when equilibrium in a market is not achieved or is not achievable.
Free Trade
An economic policy that allows imports and exports among member countries with little to no tariff barriers, quotas, or subsidies.
Total Output
Total output refers to the total quantity of goods and services produced within an economy at a given time period, reflecting the aggregate production level.
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