Examlex
Which of the following does your new smartphone use to unlock the device?
U.S. Imports
Goods and services purchased by residents of the United States that are produced in and brought from other countries.
Long-Run Effect
The ultimate impact of economic policies or market changes, characterized by all inputs and outputs being variable and firms fully adjusting to new conditions.
Tariff on Imports
A levy placed on imported goods and services by a government to shield local industries from overseas competition.
Total Output
The complete quantity of goods or services produced by a company, sector, or economy within a specific timeframe.
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