Examlex
If a country imposes a tariff on an imported good,the tariff ________ the price in the importing country and ________ the quantity of imports.
Solar Panels
Devices that convert sunlight into electricity, using photovoltaic cells.
Anchoring
A psychological tendency to overemphasize the importance of the first information encountered (referred to as the "anchor") when one is making choices.
Overpriced Warranties
Service contracts sold at a price significantly higher than the expected cost of repairs, often yielding high profit margins for sellers.
Behavioral Economics
A field of economics that studies how psychological, social, cognitive, and emotional factors affect economic decisions of individuals and institutions.
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