Examlex
Children between the ages of three and five incorrectly apply the rules of past tense and of plural when they say "sitted" instead of "sat" and "gooses" instead of "geese." This phase of language development reflects
Frederic Bastiat
Frederic Bastiat was a 19th-century French economist and writer known for his advocacy of free markets, individual freedoms, and his critiques of socialism.
Balance-Of-Trade Deficit
A situation where a country's imports exceed its exports, leading to a negative balance in trade.
Coal
A fossil fuel used primarily for electricity generation and steel production, composed mostly of carbon.
Import Quotas
Import quotas are government-imposed limits on the quantity or value of goods that can be imported into a country, used to protect domestic industries and regulate international trade.
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