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Use the figure below to answer the following questions.
Figure 32-2
-Refer to Figure 32-2. If the economy were initially in equilibrium at r0 and E0 and the government removed import quotas, what would happen to the exchange rate?
Lichens
Symbiotic associations between a fungus and a photosynthetic partner (usually an algae or cyanobacteria), living together on surfaces like rocks or trees.
Algae
A diverse group of photosynthetic organisms that are not necessarily closely related, ranging from unicellular microalgae to large multicellular forms, inhabiting both freshwater and marine environments.
Chytrid Fungi
A group of primitive pathogenic fungi that can infect amphibian skins, significantly contributing to global declines in amphibian populations.
Chytridomycota
A phylum of fungi characterized by producing spores with flagella; they are mostly aquatic.
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