Examlex
Which fact would suggest to a family that they may want to check building codes and availability of insurance and reconsider the location of their next home?
Price Ceiling
A price ceiling is a government-imposed limit on how high a price is charged for a product, with the aim of ensuring affordability by limiting how much prices can increase.
Quota Rent
The economic rent received by the holder of a production or import quota, which can be realized by selling the product at a higher price than the world price due to the quota limitation.
Taxi Medallion
A licensure medallion required for a taxi to operate legally in many cities, often representing a significant cost for taxi drivers and companies.
Missed Opportunity
A situation where a potential benefit or advantageous action is not taken, leading to a lost possibility.
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