Examlex
How can a journalist's efforts to provide both sides of a story work to distort reality?
Tariffs
Taxes imposed by a government on imported goods, often used to protect domestic industries and to generate revenue.
Quantity of Imports
The total volume or value of goods and services brought into one country from another over a specified time period.
Deadweight Loss
When a good or service's free market equilibrium is not met, a reduction in economic efficiency occurs.
Total Surplus
The sum of consumer surplus and producer surplus in a market, representing the total net benefit to society from the production and consumption of goods and services.
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