Examlex
If two people are given the same kinship term,this means that _______________.
Consumer Surplus
The difference between the maximum price a consumer is willing to pay for a product and the actual market price they pay.
Government Revenue
The money received by a government from taxes, fees, fines, intergovernmental grants, and other sources to fund public spending.
Tariff
A tax imposed by a government on goods and services imported from other countries to encourage domestic consumption and protect the local industry.
Producer Surplus
The discrepancy between the price at which sellers are prepared to offer a product and the actual price it sells for.
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