Examlex
What are some natural ways in which particles can enter the atmosphere? What is the effect of these particles on the climate?
Producer Surplus
The difference between what producers are willing and able to supply a good for and the price they actually receive, measuring the benefit to producers.
Total Surplus
The total net gain to society from creating and consuming a product or service, encompassed by the combination of consumer and producer surplus.
Deadweight Loss
An inefficiency in the economy that results when the market equilibrium for a good or service isn't attained or is unattainable.
Tariff
A tax imposed on imported or, less commonly, exported goods with the aim of raising the cost to influence trade dynamics.
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