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Suppose that the exchange rate between Japanese yen and U.S. dollars is originally 130 yen to the dollar. If it then changes to 150 yen to the dollar, imports of Japanese goods into the United States will tend to:
Repealed
Describes a law or regulation that has been officially revoked, cancelled, or annulled by legislative action.
Restraint Of Trade
Legal term referring to contractual obligations that limit a person’s freedom to engage in business activities with others, often scrutinized for its impact on free trade.
Contract Law
The collection of legal principles that oversees the formation, implementation, and understanding of contracts between individuals.
Competition
The rivalry between companies or individuals for market share, customers, sales, or recognition, driving innovation, quality, and value in services or products.
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