Examlex
When a tax on output is imposed to internalize the external costs of pollution, the supply curve shifts down by the amount of the tax.
Insurance Company
A financial institution that provides various forms of insurance policies to protect individuals or businesses against risks in exchange for premiums.
Modified Duration
A measure of the sensitivity of a bond’s price to changes in interest rates, indicating how much the price will change as interest rates move.
Semiannually
Occurring or payable twice a year.
Steel Pier
A historic oceanfront amusement park located in Atlantic City, New Jersey, known for its entertainment offerings.
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