Examlex
The effect of trade on specialized employees of exporting industries will be ________ jobs and ________ pay because they are relatively ________.
Marginal Benefit
The extra pleasure or benefit gained from consuming an additional unit of a product or service.
Marginal Cost
The added financial burden of producing another unit of a product or service.
Efficient Price
The price at which the supply of a good matches its demand, leading to an optimal distribution of resources in a market.
Consumer Surplus
Consumer surplus represents the discrepancy between what consumers are prepared and capable of spending for a product or service and the actual amount they end up paying.
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