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Suppose the U

question 206

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Suppose the U.S.government imposes a binding quota on the number of Japanese-made cars allowed into the United States.Assuming that Japanese-made cars and U.S.-made cars are substitutes in consumption,we would expect the price of Japanese cars to _____ and the price of U.S.-made cars to _____.


Definitions:

Motor Skill

A learned sequence of movements that combine to produce a smooth, efficient action in order to master a particular task.

Sensorimotor Intelligence

Jean Piaget's theory stage where babies from birth to about two years learn through interacting with the world using their senses and motor actions.

Infant Amnesia

The observed phenomenon that most adults cannot recall personal memories from the early years of their life, typically before the age of 3 or 4.

Sensorimotor Development

The stage in early childhood development in which an infant's understanding of the world is based on their sensory experiences and motor actions.

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