List Schilit's Short Checklist of Items to Examine for Red

question 7

Essay

List Schilit's short checklist of items to examine for red flags.

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Definitions:

Net Exports

The value of a country's total exports minus its total imports.

Exports

Goods or services sent from one country to another for sale or trade.

Quota

A trade limitation enforced by the government, restricting the quantity or financial value of products that can be exported or imported over a set timeframe.

Open-Economy Model

An economic model that considers the impact of trade and financial flows with other countries on the domestic economy.