Examlex
Why has P&G decided to jettison about half of their brands?
Import Quota
A government-imposed limit on the quantity of a certain good that can be imported into a country over a specified period of time.
World Price
The international market price of a good or service, determined by global supply and demand conditions.
Net Welfare Loss
The loss of social welfare, typically due to inefficient market conditions or government interventions.
Specific Tariff
A fixed fee imposed by a government on imported or exported goods, which is based on the quantity of the item rather than its value.
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