Examlex
Infants pay more attention to
Deadweight Loss
The reduction of economic efficiency that happens when the free market does not achieve equilibrium for a particular good or service.
Tariff
A tax imposed by a government on goods and services imported from other countries to protect domestic industries from foreign competition.
Domestic Price
The price of goods or services within a country's borders, as opposed to international or export prices.
Tariff
A tax imposed by a government on imported or exported goods, often used to restrict trade, as they increase the price of imported or exported goods, making them less attractive to consumers.
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Q174: _ are arbitrary standards of behavior agreed