Examlex
What is a virtue? How are virtues acquired? Do you agree with Aristotle's claim that virtue is essential to the good life? Why or why not?
Tariff
a tax imposed on imported goods and services, intended to make foreign commodities less price-competitive than domestic goods.
Imports
Imports are goods and services bought by residents of a country from another country, which results in an outflow of currency to foreign markets.
Domestic Consumers
Individuals or entities within a country that purchase goods and services for personal use.
Comparative Advantage
The ability of an entity to produce a good or service at a lower opportunity cost than another.
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