Examlex
If you fall short of a certain minimum standard of living, you are poor; once you pass this standard, you are no longer poor.This refers to the ____ definition of poverty.
Consumer Surplus
The difference between the maximum price consumers are willing to pay and the market price they actually pay.
International Trade
The trade of products, services, and funds across borders or territories of different countries.
Autarky Price
The price of a good or service within a country that is not involved in trade; the domestic price in the absence of international trade.
Autarky Price
The price of a good in a country when it is closed to international trade, reflecting the balance of domestic supply and demand.
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