Examlex
Which of the following is the positive resolution of the psychological conflict of basic trust vs.mistrust?
Tariff
A tax imposed on imported goods to protect domestic industries or to generate revenue.
Imports
Goods and services bought by residents of a country from other countries.
Opportunity Costs
The loss incurred by not opting for the alternative that stands as the next best choice during decision-making.
Specialization
The process of focusing resources on a limited range of goods or services to gain efficiency or quality advantages.
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