Examlex
According to the core knowledge perspective, infants are thought to have early knowledge of numbers.
Tariff
A tax imposed by a government on goods and services imported from other countries, used to control trade balances, protect domestic industries, or generate revenue.
Consumer Surplus
The gap between the total price consumers are prepared and able to pay for a service or product and the amount they really pay.
World Price
The international market price of a product or commodity, influenced by global supply and demand conditions.
Free Trade
An economic policy that allows imports and exports between countries with minimal or no barriers to trade, such as tariffs or quotas, encouraging international commerce.
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