Jargon

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Last updated 12:33 AM on 7/22/26
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4 Terms

1
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Externality

Consequence of any economic activity which affects unrelated third parties

2
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Inflation

An increase in prices and a decrease in the purchasing value of money

3
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Quotas

Restrictions in international trade by limiting the number of exports or imports in a country for a certain period

4
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Tariffs

Taxes to be paid in a particular import or export transaction