Examlex
Which of the following describes what the property of minimum variance means?
Consumer Surplus
The difference in the amount consumers are prepared to pay versus what they actually pay for goods or services.
Trucks
Large motor vehicles designed for transporting goods by road.
Government Revenue
Income received by the government from taxes and other sources used to fund public services and projects.
Tariff
A tax imposed by a government on goods and services imported from other countries, used to control trade and protect domestic industries.
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