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New Zealand sphagnum moss is an input used in the production of orchids.If the price of sphagnum moss increases, but nothing else changes, this will cause:
Affordable Care Act
A comprehensive healthcare reform law enacted in 2010 in the United States, aimed at increasing health insurance coverage and reducing healthcare costs.
Part-Time Employees
Workers who are employed for fewer hours than the full-time standard, often receiving reduced benefits and compensation.
Implicit Marginal Tax Rate
The amount of additional (marginal) earnings that must be paid explicitly in taxes or implicitly in the form of reduced income supplements. The marginal tax rate establishes the fraction of an additional dollar earned that an individual is permitted to keep, so it is an important determinant of the incentive to work and earn.
Poverty Level
The minimum level of income deemed necessary to achieve an adequate standard of living in a given country or region.
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