Instructions: Identify the Following

question 97

Short Answer

Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
Pearl Harbor

Understand the interplay between domestic prices, world prices, and trade policies in determining market outcomes.

Calculate equilibrium prices and quantities in a market with and without trade.

Evaluate the impact of tariffs on consumer surplus, producer surplus, tariff revenue, and total surplus.

Understanding the impact of free trade on consumer surplus, producer surplus, and total surplus.

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Definitions:

Amida Descending

Refers to the depiction of Amida Buddha descending from the heavens, a common theme in East Asian Buddhist art.

Priest Kuya Preaching

A famous Japanese statue from the Kamakura period representing the itinerant priest Kuya, known for popularizing Pure Land Buddhism among the masses.

Todaiji

A significant Buddhist temple located in Nara, Japan, known for housing a giant statue of the Buddha Vairocana and for its historical and cultural importance.

Kamakura Period

A period in Japanese history (1185–1333) marked by the rule of the Kamakura shogunate, known for its cultural developments and the establishment of the samurai as a dominant class.