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Economics

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Stefanie Raynor

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Cards in this guide (5)
What does conditionality require of countries getting loans from the IMF

The acceptance of economic policy recommendations

What is the main intention of boycotts

To get countries or companies to stop doing something objectionable

Country X would enjoy an absolute advantage in the production of clothing under what circumstance

Its production costs for clothing were the lowest in the world.

The government can prevent the shortages that accompany price ceilings by doing what

Rationing

How might a country respond to a trade embargo

It could pursue a policy of national self-sufficiency.

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