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How has the globalization of financial markets affected the way in which countries conduct their economic policies?
Cigarettes
Narrow cylinders containing psychoactive material, typically tobacco, that are rolled into thin paper for smoking.
Deadweight Loss
A reduction in economic effectiveness that happens when a good or service fails to reach or cannot reach its equilibrium.
Demand
The quantity of a good or service that consumers are willing and able to purchase at a given price.
Elastic
A characteristic of supply or demand that indicates a high sensitivity to changes in price.
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