Scenario 32-3 ​

question 185

Essay

Scenario 32-3
​
Concerns raised about the declining U.S. shoe industry and unfair labor practices in foreign shoe factories lead the Congress and President to impose a quota on shoe imports.
-Refer to Scenario 32-3. 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:

Milicurie

A unit of radioactivity equal to one thousandth of a curie, used to measure the amount of radiation emitted by radioactive substances.

Sialography

A diagnostic imaging technique used to visualize and evaluate the salivary glands and ducts for abnormalities, typically involving the injection of a radiopaque dye.

Myelogram

An imaging test that involves injecting contrast dye into the spinal canal to visualize the spine, spinal cord, and nerve roots.

Radiolucent

Describes substances that allow the passage of X-rays or other forms of radiation, appearing dark or transparent on a radiographic image.