Examlex
George Kennan wrote that which of the following is "the continued ability of this country to pursue its internal life without serious interference"?
Initial Endowment
The initial quantity of assets, goods, or resources that an agent or economy possesses at the start of a period.
Competitive Equilibrium
A state in a market where supply equals demand, and no participant has the ability to influence prices.
Demand Equals Supply
An economic condition where the quantity demanded by consumers matches the quantity supplied by producers, leading to market equilibrium.
Numeraire
A standard unit of measurement in economics used to represent prices or values of other goods in terms of this unit.
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