Examlex

Solved

Refer to Shoe Quota

question 130

Essay

Refer to Shoe Quota. At a given exchange rate what does a quota do to desired net exports? As a result of this change which curve in the open-economy model shifts and which direction does it shift?


Definitions:

Proficient

Denotes a high degree of competence or skill in a particular area or activity.

Resent

To feel bitterness or indignation at having been treated unfairly or having been wronged.

Interest

The feeling of wanting to know or learn about something or someone.

Avoidance Learning

A process in behavioral psychology where a subject learns to prevent or avoid an unpleasant stimulus by making particular responses.

Related Questions