Examlex
Russia's natural resources include all of the following except ________.
Consumer Surplus
The divergence in total potential expenditure consumers are ready to make on a good or service against actual expenses incurred.
Welfare Economics
A branch of economics that focuses on the optimal allocation of resources and goods and aims to evaluate social welfare.
Equilibrium Price
The cost point where the amount of a product or service sought by consumers matches the amount available from producers.
Willingness to Pay
The maximum amount a consumer is prepared to spend for a good or service.
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