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Pete throws leftover bread onto his front lawn because he enjoys watching the pigeons feeding. His neighbor John is not happy about the pigeons, since they leave a mess on his property. This is an example of:
Factor Endowments
The quantity and quality of labor, land, and capital that a country possesses, which can affect its comparative advantage in trade.
Import Quota
A government-imposed limit on the quantity of a specific type of good that can be imported into a country.
Domestic Price
The price of goods or services within a country's domestic market, potentially influenced by tariffs, taxes, and supply and demand.
Tariff
A tax imposed on imported goods, usually to protect domestic businesses and market from foreign competition.
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