Examlex
Discuss the reasons a firm may form a strategic alliance.
Import Quotas
Government-imposed limits on the quantity or value of goods that can be imported into a country.
Great Depression
A severe worldwide economic downturn that took place during the 1930s, marked by high unemployment, deflation, and a significant fall in economic activity.
Terms of Trade
The ratio at which a country can exchange exports for imports; it reflects the value of a country's exports relative to its imports.
Production Possibilities Curves
A graphical representation that shows the maximum number of goods or services that can be produced with limited resources.
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