Examlex
97.5 ÷ 6.5 = ____________________.
Import Quotas
Restrictions set by a government on the quantity or value of certain goods that can be imported into a country, often to protect domestic industries.
Exchange Rate
The price at which one currency can be exchanged for another in the foreign exchange market.
Open-Economy Macroeconomic Model
An analytical framework considering the interactions between the domestic economy and the rest of the world, including trade, capital flows, and exchange rates.
Budget Deficit
A situation where a government's expenditures exceed its revenues, leading to a shortfall that must be financed through borrowing.
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