Examlex

Solved

In the Following Offer Curve Diagram, OCA Is the Free-Trade

question 31

Multiple Choice

In the following offer curve diagram, OCA is the free-trade offer curve of country A, OCB is the free-trade offer curve of country B, and OC'A (which starts at the origin O, goes to point M and then comes back horizontally to point Y') is the offer curve of country A when it has a restrictive trade policy instrument in place (while country B continues with free trade) . In this situation, the restrictive instrument that country A has employed is __________, and the resulting equilibrium position E' is __________ equilibrium position.
In the following offer curve diagram, OC<sub>A</sub> is the free-trade offer curve of country A, OC<sub>B</sub> is the free-trade offer curve of country B, and OC'<sub>A</sub> (which starts at the origin O, goes to point M and then comes back horizontally to point Y')  is the offer curve of country A when it has a restrictive trade policy instrument in place (while country B continues with free trade) . In this situation, the restrictive instrument that country A has employed is __________, and the resulting equilibrium position E' is __________ equilibrium position.   A)  a  voluntary  export restraint (VER)  on its exports to country B; an unstable B)  a  voluntary  export restraint (VER)  on its exports to country B; a stable C)  an import quota; an unstable D)  an import quota; a stable


Definitions:

Brain Maturation

The process by which the brain develops and matures over time, involving changes in structure, function, and connectivity that support cognitive and behavioral capabilities.

Teen Births

Incidents of adolescent girls, typically ages 13-19, giving birth.

Puberty

The period during which adolescents reach sexual maturity and become capable of reproduction.

Personal Fable

A belief held by adolescents that they are unique and invulnerable, contributing to risk-taking behaviors.

Related Questions