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If there is employment discrimination against minorities, this will cause the
Quantity of Imports
The total amount of goods and services brought into a country from abroad for domestic consumption.
Equilibrium
A condition where the supply and demand in the market are in equilibrium, leading to stable pricing.
Economies of Scale
Economies of scale refer to the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
Free Trade
An economic policy that allows for the unrestricted import and export of goods and services between countries without tariffs or quotas.
Q10: Real income for a given year would
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