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NONTARIFF BARRIER: Any sort of trade barrier--other than a tariff or import quota--that restricts imports. Some of the more popular nontariff barriers are those that specify the content of a good or how it was produced. There are many valid and important safety, health, and environmental reasons for establishing these sorts of nontariff barriers.
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LAISSEZ FAIRE The notion that government should not intervene into production, consumption, and exchange activities and that the private sector (households and businesses) should be free to make allocation decisions. Laissez faire is a French term that roughly translates into "allow to act." It has been the rallying cry for many people (primarily business leaders) who oppose government intervention, regulation, or even taxation since it was popularized in the late 1700s by Adam Smith in The Wealth of Nations.
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The first U.S. fire insurance company was established by Benjamin Franklin in 1752 in Philadelphia.
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"The ideals that have lighted my way, and time after time have given me new courage to face life cheerfully, have been kindness, beauty and truth. " -- Albert Einstein, physicist
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TDR
Treasury Deposit Receipt
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