Examlex
Which of the following phrases is free of redundancies?
Import Quota
A restriction enforced by the government on the volume or price of merchandise that may be imported into a country.
Tariff
A tariff is a tax imposed by a government on imported or exported goods to regulate trade, often to protect domestic industries.
Free Trade
An economic policy that allows imports and exports between countries with minimal governmental restrictions or tariffs.
Consumer Surplus
The discrepancy between the sum consumers are ready and capable of paying for a service or product and the sum they actually spend.
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