Examlex
If the price of a video rental is below its equilibrium price, there will be a ________ of video rentals and the price will ________.
Price Discrimination
The selling of a product to different buyers at different prices when the price differences are not justified by differences in cost.
Smoot-Hawley Act
A United States legislative act passed in 1930, which raised tariffs on thousands of imported goods, contributing to the severity of the Great Depression.
Import Restrictions
Government-imposed limits or duties on the quantity or value of goods that can be imported into a country.
Military Self-sufficiency
The capability of a nation to produce all necessary military supplies and services internally without relying on foreign assistance.
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