Examlex
Remembering the optimum tariff analysis of Chapter 15, explain why it might be possible that the imposition of a tariff by an LDC to improve its terms of trade (and thus hopefully to be in a better position at the start of any future deterioration) could reduce the LDC's welfare. Build the reverse case that reduction of an LDC tariff might improve the LDC's welfare at the present time, even though the terms of trade deteriorate because of the tariff reduction.
Ethnomethodologists
Researchers who study the ways in which people create, maintain, and understand their social realities through everyday practices.
External Constraints
Factors outside an individual's immediate control that limit or influence their actions and decisions.
Social Structures
The complex pattern of relationships that shape any society. It determines how individuals and groups interact with each other, the roles they play in society, and how they are socially positioned.
Ethnomethodology
A sociological perspective that examines how individuals use social norms and assumptions to make sense of everyday situations.
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