Examlex
It is more accurate to use a food web rather than a food chain to depict the complex nature of an ecosystem because most organisms use more than one species as a source of food and most organisms are preyed upon by more than one species.
Deadweight Loss
A loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved, leading to a decrease in total surplus.
Tariffs
Taxes imposed by a government on imported goods. They are used to restrict imports by increasing the price of goods and services purchased from abroad, making them less attractive to consumers.
Equilibrium
A condition where the amount of goods supplied in the market matches the demand, leading to steady prices and quantities.
Tariff
A tax on imports or exports between sovereign states.
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