In the _______ Run,lower Quotas and Tariffs Cause a Country's

question 95

Multiple Choice

In the _______ run,lower quotas and tariffs cause a country's currency to _______.

• A) short; depreciate
• B) short; appreciate
• C) long; depreciate
• D) long; appreciate

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Definitions:

Quasi-contractual

A legal concept where a court enforces a contract-like obligation on a party to prevent unjust enrichment, even though no actual contract exists.

Contractual Obligation

A duty or commitment that is legally binding under a contract, requiring parties to fulfill agreed terms.

Unaddressed Envelope

An envelope lacking a specific destination address, often used for general mail distribution or marketing purposes.

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise made to a second party if the latter has reasonably relied on that promise to their detriment.