Examlex
Perform the following math problems with the fractions reduced to their lowest terms
a. 2/3 * 8/7 = ______.
b. 9/8 ÷ 6/10 = _____.
c. 3/4 * 1/2 = _____.
d. 2/5 ÷ 2/3 = _____.
Bastiat's "Petition
Refers to Frédéric Bastiat's satirical petition in "Economic Sophisms," illustrating the absurdity of protectionism and trade barriers.
Protectionism
Economic policies and measures taken by a government to protect its domestic industries from foreign competition by imposing tariffs, quotas, or regulations.
Import Quota
A governmental limit on the quantity of a certain type of good that can be imported into a country, used to protect domestic industries.
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