Examlex
What are the two main issues involved in keeping agencies fiscally accountable? Please give examples.
Quotas
Quantitative limits set by governments on the amount of specific goods or services that can be imported or exported during a specified time frame.
Consumer Surplus
The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually do pay.
Quota Rights
Licenses or permissions issued by a government that allow specific quantities of goods to be imported or exported.
Economic Welfare
The overall well-being and standard of living of people in terms of the quantity and quality of goods and services available to them.
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