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Rush Moore is disgusted with the new sales tax issued by the state on all hard liquor products. On the steps of the state capitol building, Moore uses a megaphone to repeatedly chant one word "f------ bastards" without explanation. A group of students from a local parochial high school are visiting the capitol that day and are deeply offended by Moore's chanting. In keeping with prior precedent, the state supreme court likely would rule in favor of Moore and his cohorts as being free to continue the demonstration as all messages on government grounds are protected speech.
Absolute Advantage
The ability of an individual, company, or country to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.
Jobs Argument
An economic perspective that emphasizes the creation or maintenance of employment as a primary consideration in policy-making.
Unfair-Competition Argument
A contention in international trade that certain practices give companies or countries an unjust advantage, such as labor exploitation or environmental bypassing.
Comparative Advantage
An economic theory that describes how countries gain from trade by specializing in goods they can produce more efficiently than others.
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