Examlex
Which term describes schooling that rewards talent and a competitive- and achievement-oriented effort?
Consumer Surplus
The difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount that they actually do pay.
World Price
The price of a good that prevails in the global market for internationally traded goods.
Trade Restrictions
Measures imposed by governments to limit international trade for various reasons, including protecting domestic industries.
Domestic Supply
The total amount of a product or service that is available to consumers in a domestic market.
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