Examlex
A cave automatic virtual environment is an example of a physiological innovation.
World Price
The global market price of a commodity, determined by supply and demand in the international market.
Tariff
A tax imposed by a government on goods and services imported into a country, typically used to protect domestic industries.
Imported
Goods or services brought into a country from abroad for sale, contrasting with domestic products or services.
Producer Surplus
The discrepancy between what sellers are prepared to accept for a product or service and the actual amount they end up receiving.
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