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-(Figure 7-1: Circular-Flow Model) Use Figure 7-1: Circular-Flow Model. If the circular-flow model is in equilibrium (the sum of money flowing into each box is equal to the sum of the money flowing out of it) and there is an increase in exports, holding everything else constant, which outcome is likely to occur?
Antitrust Law
Laws designed to promote competition and prevent monopolies by regulating corporate practices that restrict trade.
Product Price
The amount of money charged for a product, determined by costs, market demand, and competition.
Natural Monopoly
A market condition where a single firm can supply the entire market at a lower cost than any combination of two or more firms due to economies of scale.
Social Regulation
Government-imposed regulations aimed at improving health, safety, and the welfare of the public, covering issues like pollution and workplace safety.
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