Examlex
In 2004,___________ exceeded the United States in value of exports becoming the world's largest exporter.
Government Policy
Strategies and measures adopted by a government to guide its actions in the pursuit of specific goals and objectives.
Consumer Surplus
The difference between what consumers are willing to pay for a good and what they actually pay, representing the benefit consumers receive from purchasing the good at a lower price.
Price Floor
A government- or group-imposed price control that sets the lowest price at which a product can be sold.
Price Support
Government interventions to maintain the price of a commodity or product at a certain level, often through purchasing excess supply or providing subsidies to producers.
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