Examlex
Which of the following is not a part of M1?
Consumer Surplus
Consumer surplus is the difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually pay.
Specific Tariff
A type of tax levied on imports that is based on a specific amount of money per unit of the good imported, rather than on its value.
World Price
The global market price of a product, influenced by worldwide conditions of supply and demand.
World Price
The worldwide market value of a good or service, shaped by international demand and supply forces.
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