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Figure: The Domestic Market for Digital Cameras
-(Figure: Domestic Market for Digital Cameras) Look at the figure The Domestic Market for Digital Cameras. Assume that PA is the autarky price and PW is the world price. Total surplus before international trade is equal to the area:
Just-World Phenomenon
The cognitive bias that a person's actions are inherently inclined to bring morally fair and fitting consequences to that person, to the end of all noble actions being eventually rewarded and all evil actions eventually punished.
Victims of Misfortune
Individuals who suffer from unfortunate events or circumstances that are beyond their control and often elicit sympathy from others.
Just-World Phenomenon
The cognitive bias to believe that the world is fair and people get what they deserve, leading to rationalizing inequality or suffering.
Ebola Virus
A severe and often fatal disease in humans and primates caused by the Ebola virus, characterized by fever, bleeding, and organ failure.
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