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Which of these is the BEST example of a common property resource?
Trade Restrictions
Measures imposed by governments to limit or control international trade, such as tariffs, quotas, and embargoes.
Retaliation
Actions taken in response to an offense or wrongdoing, often seen in international trade policies as countermeasures to tariffs.
Trade War
A situation where countries impose tariffs or other trade barriers against each other in response to disputes, which can lead to decreased international trade.
Consumer Surplus
The difference between the maximum price a consumer is willing to pay for a good or service and the actual price they pay.
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