Examlex
What is the advantage of controlling the air-fuel ratio to a stoichiometric ratio?
Quota Rent
The economic rent received by the holder of a production or import quota, which can be realized by selling the product at a higher price than the world price due to the quota limitation.
Taxi Medallion
A licensure medallion required for a taxi to operate legally in many cities, often representing a significant cost for taxi drivers and companies.
Missed Opportunity
A situation where a potential benefit or advantageous action is not taken, leading to a lost possibility.
Rent Controls
Government-imposed limits on the amount landlords can charge for leasing residential properties to ensure housing affordability.
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