Examlex
_______________is strong when decisions have large, certain, immediate consequences and when we are physically or psychologically close to those affected by the decision.
Tariff
A tax imposed by a government on imports or exports of goods.
Voluntary Exchange
An economic transaction where two parties willingly trade goods or services without coercion, each party benefiting from the trade.
Domestic Consumers
Individuals or households within a country that purchase goods and services for personal use.
Tariffs
Taxes imposed on imported goods, used by governments to regulate trade and protect domestic industries.
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