Examlex
Nagel says, "In ordinary life a situation is absurd when it includes a conspicuous discrepancy between pretension or aspiration and reality: someone gives a complicated speech in support of a motion that has already been passed; a notorious criminal is made president of a major philanthropic foundation; you declare your love over the telephone to a recorded announcement; as you are being knighted, your pants fall down." Do you agree with Nagel's discussion of when something is absurd?
Imports
Goods or services brought into one country from another for the purpose of sale or use.
United States
A country located primarily in North America, consisting of 50 states and a federal district.
World Price
The international market price of a good or service, determined by global supply and demand conditions.
Consumer Surplus
The difference between the total amount consumers are willing and able to pay for a good or service and the total amount they actually pay.
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