Examlex
Explain the difference between a leading economic indicator and a lagging economic indicator.
Supply Curves
Graphical representations showing the relationship between the price of a good and the quantity of that good that suppliers are willing to sell.
Demand Curves
A graphical representation that shows the relationship between the price of a good and the quantity demanded by consumers.
World Price
The worldwide market price of a good or service, affected by the balance of global demand and supply.
Nontariff Barrier
Measures other than tariffs that countries use to control the amount of trade across their borders, including quotas, embargoes, sanctions, and other restrictions.
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