Examlex
A rat that was allowed to roam freely in a maze without reinforcement will later find food at the end of the maze faster than a rat that never saw the maze before because of
World Price
The global market price of a commodity, determined by supply and demand factors across all participating countries.
Market Equilibrium
A situation in economics where the quantity of goods supplied is equal to the quantity of goods demanded at a specific price.
Trade Restrictions
measures taken by governments to control or limit the trade of goods and services across their borders, such as tariffs and quotas.
Import Quota
A government-imposed limit on the quantity of a particular good that can be imported into a country.
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