Examlex
The appropriability of technology is best defined as ________.
Free-Trade Policy
Economic policies that eliminate tariffs and trade barriers between countries to encourage trade and economic integration.
Import Quota
A government-imposed restriction on the quantity of a specific good that can be imported into a country.
Consumer Surplus
The difference between the total amount that consumers are willing to pay for a good or service and the total amount they actually pay.
Total Surplus
The combined total of producer surplus and consumer surplus, indicating the overall societal benefits derived from the consumption and production of a service or product.
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