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Compute Probabilities Involving Permutations and Combinations
-If you are dealt 6 cards from a shuffled deck of 52 cards, find the probability of getting 3 jacks and 3 aces.
Trade Adjustment Assistance
A federal program that provides aid to workers who lose their jobs or whose hours and wages are reduced as a result of increased imports.
Aggregate Demand
The total demand for all goods and services within an economy at a given overall price level and in a given time period.
Protectionism
A policy of imposing restrictions on imports, often through tariffs and quotas, to shield domestic industries from foreign competition.
Frederic Bastiat
A French economist and writer known for his advocacy of free-market policies and his critique of protectionism in the 19th century.
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