Examlex
What is structure? What is interaction? What are the effects of having too little or too much of either?
Smoot-Hawley
Refers to the Smoot-Hawley Tariff Act of 1930, a U.S. law that raised import tariffs on thousands of goods, contributing to the severity of the Great Depression.
International Trade
The exchange of goods, services, and capital across international borders or territories.
Tariffs
Taxes imposed on imported goods to increase their cost, typically used to protect domestic industries or earn revenue for the government.
Money Supply
The aggregate value of all money assets within an economy at a given time.
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