Examlex
What does a unique contribution mean for a variable?
High Protective Tariffs
Elevated taxes imposed on imported goods to protect domestic industries from foreign competition.
Frederic Bastiat
A French economist and writer known for his theories on free markets and the unseen economic consequences of government intervention.
Free Trade
An economic policy that allows imports and exports between countries with minimal or no tariffs, quotas, subsidies, or prohibitions to encourage international trade.
Protection
Policies or measures taken by a government to shield its domestic industries from foreign competition, often involving tariffs or quotas.
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