Examlex
The equilibrium price under an import quota is above the price that occurs with free trade.
Scientific Method
A systematic process for research and investigation that involves the observation, measurement, and experiment, and the formulation, testing, and modification of hypotheses.
Critical Thinking
The goal of critically examining and assessing a matter to develop an opinion.
Hypothesis
A proposed explanation made on the basis of limited evidence as a starting point for further investigation.
Correlations
Statistical measures that indicate the extent to which two or more variables fluctuate together.
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