Examlex
Which of the following is/are incorrect regarding the governmental actors and their responsibility in policy modification?
World Price
The global market price of a good or service, determined by worldwide supply and demand.
Market Equilibrium
A condition or point where market supply and demand balance each other, and as a result, prices become stable.
Trade Restrictions
Trade restrictions are governmental policies or regulations that limit international trade, including tariffs, quotas, and non-tariff barriers, with the aim of protecting domestic industries.
World Price
The international market price of a good or service, determined through the global supply and demand forces.
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