Examlex
If the marginal social cost of crime control is less than the marginal social benefit of crime control, then the quantity of crime control should be increased.
Corporate Taxes
Government levies placed on the earnings or profits of businesses.
Economic Environment
The total of economic factors, such as employment, income distribution, and investment opportunities, that influence the behavior of consumers and businesses.
Smoot-Hawley
Refers to the Smoot-Hawley Tariff Act of 1930, which raised U.S. import tariffs on thousands of goods, leading to significant trade reductions worldwide.
Trade Restrictions
Measures implemented by governments to regulate or limit international trade, including tariffs, quotas, and embargoes.
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