Examlex
A government-imposed restriction on the quantity of a good that can be imported is
Income Redistribution
The transfer of income from certain individuals or groups to others through mechanisms such as taxation, welfare, and subsidies to achieve economic equity.
Utilitarian Justice
A principle in ethics and political philosophy that actions are right if they are useful or for the benefit of a majority, focusing on outcomes that maximize happiness or reduce suffering.
Dollar Worth
The value of the United States dollar in terms of goods, services, or other currencies.
Legal Obligation
A duty enforceable by law, requiring a person or organization to perform or refrain from performing a certain action.
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Q307: Explain the infant industry argument.