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Related to the Economics in Practice on p.675: When a country lifts a quota,imports to that country generally ________ and the price of the affected product in that country generally ________.
Zero Inflation
A situation where there is no general increase in the prices of goods and services in an economy over time.
Temporary Costs
Expenses that are not permanent or enduring, typically occurring for a limited time period.
Permanent Benefits
Long-term advantages or income received from an investment, job, or government policy.
Potential Benefits
The possible advantages or gains that could be realized from a particular action or investment.
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