Examlex
Carolyn has a master's in psychology and is working for a car manufacturer. Her job will involve the selection, hiring, and placement of new employees. Carolyn is working in the field of __________ psychology.
Consumer Surplus
The discrepancy between what consumers are prepared and able to spend on a product or service and the actual amount they end up paying.
Tariff
A tax imposed by a government on goods and services imported from other countries, used to control trade volumes and protect domestic industries.
Trade
The exchange of goods, services, or both between parties, which can occur domestically or internationally.
World Price
World Price is the international price of a good, determined by global supply and demand, affecting domestic markets.
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