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Use the following to answer questions:
Figure: Market Changes
-The U.S. government limits the importation of Chinese-made bras. What effect does this trade restriction have on the market for bras?
Low-Income Developing
A term used to describe countries with lower levels of income and economic development in comparison to global averages.
Annual Per Capita Income
The average income earned per person in a given area in a specified year, calculated by dividing the area's total income by its population.
Democratic Republic
A form of government in which representatives elected by the people make and enforce laws and policies, but the head of state is usually a president.
Low-Income Developing
Refers to countries with low levels of income per capita, often characterized by limited economic development and facing challenges in poverty, health, and education.
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