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Benevolent prejudice
Tariff
A tax imposed on imported or, less commonly, exported goods with the aim of raising the cost to influence trade dynamics.
Domestic Consumers
Individuals or households within a country who purchase goods and services for personal use.
Domestic Producers
Local manufacturers or firms that produce goods within a country's borders for the domestic market.
Producer Surplus
The variance between the expected payment by producers for a good or service and the real compensation they achieve.
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