Examlex
A country that is borrowing more from the rest of the world than it is lending is called a
Scalping Tickets
The practice of buying tickets to an event and reselling them at a higher price, typically without authorization.
Market Equilibrium Price
The price at which the quantity of goods supplied equals the quantity of goods demanded in the market.
Normal Profit
The level of profit that is just sufficient to keep an entrepreneur in business, equaling total revenues minus explicit and implicit costs.
Price System
An economic mechanism wherein prices are determined by the interaction of supply and demand, guiding the allocation of resources and distribution of goods and services.
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Q174: With no international trade,a country _ consume