Examlex
A policy should state that if employees violate a company policy or any law using company technologies, the company will protect them, and the company is liable for the employee's actions.
Consumer Surplus
The difference between what consumers are willing to pay for a good or service and the actual price they pay.
Comparative Advantage
Comparative advantage is the ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors, underpinning international trade theory.
International Trade
The exchange of goods, services, and capital across international borders, driven by the concept of comparative advantage.
Tariff
A tax imposed on imported goods and services to increase their price and reduce competition with domestic products.
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