task
stringlengths
37
71
input
stringlengths
0
2.6k
output
stringlengths
1
4.09k
options
list
pageTitle
stringlengths
25
141
outputColName
stringlengths
1
1.03k
url
stringlengths
41
153
wdcFile
stringlengths
71
73
f5051a42__pronoun_Flashcards___Cram_com__2
[1] what part of a sentence can a subesctive pronoun be? [2]
subject and predecate noun
[]
personal pronoun Flashcards - Cram.com
2
http://www.cram.com/flashcards/personal-pronoun-402972
22/1438042990177.43_20150728002310-00211-ip-10-236-191-2_384896531_0.json
f5051a42__pronoun_Flashcards___Cram_com__2
[1] what part of a sentence can a objective pronoun be? [2]
direct object, indirect object, and object of the preposition
[]
personal pronoun Flashcards - Cram.com
2
http://www.cram.com/flashcards/personal-pronoun-402972
22/1438042990177.43_20150728002310-00211-ip-10-236-191-2_384896531_0.json
f5051a42__pronoun_Flashcards___Cram_com__2
[1] what part of a sentence can a possessive pronoun be? [2]
adjective
[]
personal pronoun Flashcards - Cram.com
2
http://www.cram.com/flashcards/personal-pronoun-402972
22/1438042990177.43_20150728002310-00211-ip-10-236-191-2_384896531_0.json
d060be29_Object_Flashcards___Cram_com__nd_determined_or_determinable_
[Freedom of parties.] Possible or impossible object
A contractual object is possible or impossible according to its own nature and not according to the parties' ability to perform.
[]
Object Flashcards - Cram.com
Parties are free to contract for any object that is lawful, possible, and determined or determinable.
http://www.cram.com/flashcards/object-2022028
22/1438042990177.43_20150728002310-00003-ip-10-236-191-2_390892573_0.json
d060be29_Object_Flashcards___Cram_com__nd_determined_or_determinable_
[Freedom of parties.] Object determined as to kind.
The object of a contract must be determined at least as to its kind. The quantity of a contractual object may be undetermined, provided it is determinable.
[]
Object Flashcards - Cram.com
Parties are free to contract for any object that is lawful, possible, and determined or determinable.
http://www.cram.com/flashcards/object-2022028
22/1438042990177.43_20150728002310-00003-ip-10-236-191-2_390892573_0.json
d060be29_Object_Flashcards___Cram_com__nd_determined_or_determinable_
[Freedom of parties.] Output or requirements.
The quantity of a contractual object may be determined by the output of one party or the requirements of the other. In such a case, output or requirements must be measured in good faith.
[]
Object Flashcards - Cram.com
Parties are free to contract for any object that is lawful, possible, and determined or determinable.
http://www.cram.com/flashcards/object-2022028
22/1438042990177.43_20150728002310-00003-ip-10-236-191-2_390892573_0.json
d060be29_Object_Flashcards___Cram_com__nd_determined_or_determinable_
[Freedom of parties.] Quality of thing to be given.
When the performance consists of giving a thing that is determined as to its kind only, the obligor need not give one of the best quality but he may not tender one of the worst.
[]
Object Flashcards - Cram.com
Parties are free to contract for any object that is lawful, possible, and determined or determinable.
http://www.cram.com/flashcards/object-2022028
22/1438042990177.43_20150728002310-00003-ip-10-236-191-2_390892573_0.json
d060be29_Object_Flashcards___Cram_com__nd_determined_or_determinable_
[Freedom of parties.] Obligation or performance by a third person.
The object of a contract may be that a third person will incur an obligation or render a performance.
[]
Object Flashcards - Cram.com
Parties are free to contract for any object that is lawful, possible, and determined or determinable.
http://www.cram.com/flashcards/object-2022028
22/1438042990177.43_20150728002310-00003-ip-10-236-191-2_390892573_0.json
d060be29_Object_Flashcards___Cram_com__nd_determined_or_determinable_
[Freedom of parties.] Stipulation for a third party
A contracting party may stipulate a benefit for a third person called a third party beneficiary.
[]
Object Flashcards - Cram.com
Parties are free to contract for any object that is lawful, possible, and determined or determinable.
http://www.cram.com/flashcards/object-2022028
22/1438042990177.43_20150728002310-00003-ip-10-236-191-2_390892573_0.json
d060be29_Object_Flashcards___Cram_com__nd_determined_or_determinable_
[Freedom of parties.] Revocation.
The stipulation may be revoked only by the stipulator and only before the third party has manifested his intention of availing himself of the benefit. If the promisor has an interest in performing, however, the stipulation may not be revoked without his consent.
[]
Object Flashcards - Cram.com
Parties are free to contract for any object that is lawful, possible, and determined or determinable.
http://www.cram.com/flashcards/object-2022028
22/1438042990177.43_20150728002310-00003-ip-10-236-191-2_390892573_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
The difference between what a person would be willing to pay and what she actually has to pay to buy a certain amount of a good. It is the area below the demand curve and above the price level. [arbitrage]
consumer surplus
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
The difference between what a producer is paid for a certain amount of a good and the lowest price she requires in order to supply that amount. It is the area above the supply curve and below the price level. [arbitrage]
producer surplus
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
A nation has an absolute advantage in a commodity it produces with higher productivity than the rest of the world. [arbitrage]
absolute advantage
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
A method of exchanging goods and services directly for other goods and services without using a separate unit of account or medium of exchange. [arbitrage]
barter trade
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
The mechanism that explains differences in (relative) prices in different countries, which in turn gives rise to trade between countries. [arbitrage]
basis for trade
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
A nation has a comparative advantage in the production of those goods that (compared to other goods and countries in the world) it produces at a low opportunity cost. A country will have a comparative advantage in one or more commodities, whether or not it has absolute advantages. [arbitrage]
comparative advantage
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
A school of thought that was dominant in Europe between the 16th century and the 18th century. It advocates trade restrictions through restriction of imports and expansion of exports, so as to accumulate gold and foreign exchange. [arbitrage]
mercantilism
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
A diagram showing the combinations of different goods that an economy can produce with full employment of existing resources and available techniques. [arbitrage]
production-possibility curve
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
The ratio of the price received for a country’s exports to the price it pays for its imports. [arbitrage]
terms of trade
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
An illustration of the different combinations of two goods that would provide the community with the same level of well-being. [arbitrage]
community indifference curve
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
A country is relatively abundant (scarce) in a factor of production if the ratio of the endowment of that factor to other factors in the country is higher (lower) than in the rest of the world. [arbitrage]
factor abundance (scarcity)
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
A good is intensive in a factor of production if the value of that factor accounts for a greater share of total production cost in that good than in any other good. [arbitrage]
factor intensity
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
A country will export the good that intensively uses the country’s abundant (cheap) factor of production and will import the good that intensively uses its scarce (expensive) factor of production. [arbitrage]
Heckscher-Ohlin (H-O) theory
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
Under certain assumptions, free trade will equalize not only commodity prices between countries but also factor prices, so that all laborers will earn the same real wage rate and all units of land will earn the same real rental return in both countries, regardless of the factor supplies or the demand patterns in the tw...
factor price equalization theorem
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
The degree of concentration of a factor in the production of a commodity or group of commodities. [arbitrage]
factor specialization
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
A factor that accounts for the same share of the value of output in all commodity lines. [arbitrage]
neutral factor
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
The principle that a factor’s price changes by a greater percentage than the change in the commodity price that caused it. [arbitrage]
magnification effect
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
Under certain assumptions, a change in product prices unambiguously raises the return to the factor used intensively in the rising price industry and lowers the return to the factor used intensively in the falling price industry, regardless of which goods the owners of the factors prefer to consume. [arbitrage]
Stolper-Samuelson theorem
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
The percent reduction in average costs achieved by expanding all inputs by a given percentage. [arbitrage]
economies of scale
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
Productivity gains and cost reductions that an individual firm reaps from the expansion of other firms in the same geographic area. [arbitrage]
external economies of scale
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
The theory that trade between two countries increases as the size and proximity of the countries increase. [arbitrage]
gravity model of trade
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
Productivity gains and cost reductions that a firm reaps from expanding its own scale of production. [arbitrage]
internal economies of scale
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
Two way trade in similar products between countries. IIT can be measured as the difference between total trade [X+M] and net trade │X-M│. [arbitrage]
intra-industry trade
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
A market structure with many firms selling differentiated products, and low barriers to entry and exit in the industry. It is like monopoly in that each firm has some control over the price it charges, because products are differentiated. Yet, like perfect competition, free entry and exit of other firms in the industry...
monopolistic competition
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
A market structure with a few firms supplying most of the output. Firms know that their actions affect each other. [arbitrage]
oligopoly
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
A tariff that is set as a percentage of a value of a good when it reaches the importing country. [arbitrage]
ad valorem tariff
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
The welfare loss to consumers in the importing nation that corresponds to their being forced to cut their total purchases of a good as a result of the tariff. [arbitrage]
consumption effect
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
Consumer loss from a tariff that accrues to neither the government nor producers. [arbitrage]
deadweight loss
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
The percentage by which the entire set of a nation’s trade barriers raises the industry’s value added per unit of output. [arbitrage]
effective rate of production
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
A tariff set at the rate that maximizes the gains for a large country (at the expense of foreign countries). Technically, the optimal rate, as a fraction of the price paid to foreigners, equals the reciprocal of the elasticity of supply of a country’s imports. [arbitrage]
nationally optimal tariff
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
“Small” countries that cannot affect the world price of the goods and services they trade. In these countries, the import supply curve is infinitely elastic. [arbitrage]
price-taking countries
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
The cost of shifting to more expensive domestic production from an import competing sector that is protected by a tariff on foreign goods [arbitrage]
production effect
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
A tariff set so high that it reduces imports to zero. [arbitrage]
prohibitive tariff
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
A tariff stipulated as a money amount per physical unit of the import. [arbitrage]
specific tariff
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
An international organization of most of the world’s countries; it oversees governmental policies regarding international trade. Its chief purposes are to liberalize trade and limit unfair export policies such as subsidies. [arbitrage]
world trade organization
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
Directs that a product made or assembled in a country must have a certain amount of “domestic value,” in the form of local factors of production that are used in (or locally made components that are part of) the finished product. [arbitrage]
domestic content requirements
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
A way of allocating import licenses in which the government simply assigns fixed shares to firms, often based on the shares of imports the firms had before the quota was imposed. [arbitrage]
fixed favoritism
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
A legal right to import goods subject to quotas or other nontariff barriers. Import licenses can be allocated by governments using competitive auction, fixed favoritism, or resource using application procedures. [arbitrage]
import license
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
A limit on total quantity of imports allowed into a country each year, the most common nontariff trade barrier [arbitrage]
import quota
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
An agreement between two nations to levy tariffs on each other at rates as low as those levied on any other country. [arbitrage]
most favored nation status
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
Part of the U.S. Trade Act of 1974. It gives the President power to impose import barriers against goods from a country using “unfair trade practices” to limit imports from the U.S. and other countries. [arbitrage]
Section 301
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
Nontariff barriers to trade that are equivalent to quotas. Exporting countries are coerced by the importing country into allocating a limited quota of exports. They are not legislated and can be imposed with or without formal international negotiations. [arbitrage]
Voluntary export restraints
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
Government financial assistance to relocate and retrain workers (and firms) for re employment in expanding sectors and away from sectors that are declining as a result of import competition. [arbitrage]
adjustment assistance
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
Conditions that prevent the market from equating the social costs and benefits with the private costs and benefits of an economic activity. For example, the market price of cigarettes does not reflect the indirect effect (externality) on third parties (other than the producer and the smoker), resulting in too many ciga...
distortions
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
A case in which agents believe that a goal will be achieved (or will fail) regardless of their own contribution. Thus, they do not contribute, in the hope of “riding free” if the cause succeeds. [arbitrage]
free-rider problem
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
The notion that tariffs are an important source of public revenues for poor countries because it is difficult for them to collect taxes. [arbitrage]
developing government argument
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
The argument that a new industry (especially in a less-developed country) needs protection until it attains a competitive level of cost (and output) in world markets. [arbitrage]
infant industry argument
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
A world that contains market distortions. [arbitrage]
second best world
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
This guideline states that it is more efficient to use those policy tools that are closest to the sources of the distortions separating private and social benefits or costs. [arbitrage]
specificity rule
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
Public sympathy for groups whose incomes fall due to import competition, either suddenly or during a general economic depression. [arbitrage]
sudden damage effect
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
When the free-rider problem results in a tendency for tariffs and other import barriers to be higher on finished goods sold to large groups of consumers than on intermediate goods sold to smaller purchasers from industry. [arbitrage]
tariff escalation
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
Tariffs sanctioned under the International Anti Dumping Code (signed by most members of the WTO) to counteract or prevent dumping. Some countries may levy antidumping duties not to counteract export dumping but to further protect domestic import-competing producers without levying import tariffs. [arbitrage]
antitdumping duty
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
Retaliatory duties against a foreign government that is subsidizing exports into your national market. [arbitrage]
countervailing import duty
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
A form of international price discrimination in which an exporting firm either sells at a lower price in a foreign market than it charges in other markets (usually its domestic market) or sells its exports at a price that is below its costs or fair market value. [arbitrage]
dumping
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
Government policy to encourage export of goods and discourage sale of goods on the domestic market through low cost loans or tax relief for exporters, or government-financed international advertising or research and development (R&D). The WTO prohibits most subsidies directly linked to the volume of exports. [arbitrage...
export subsidy
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
Dumping that goes on indefinitely, as opposed to predatory dumping or “cyclical dumping,” which occurs only during periods of economic downturn. It is used by firms that can price-discriminate between markets. [arbitrage]
persistent dumping
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
Dumping that occurs when an exporting firm temporarily reduces the price charged to some foreign buyers with the intent of eliminating competitors and later raising its price after the competition is dead. [arbitrage]
predatory dumping
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
Temporary protection against a sudden surge of imported goods [arbitrage]
safeguard policy
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
7cc692dc_new_econ_Flashcards___Cram_com__arbitrage
A government campaign to develop export advantage in targeted sectors or to gain market share in global industries characterized by oligopolies. [arbitrage]
strategic trade policy
[]
new econ Flashcards - Cram.com
arbitrage
http://www.cram.com/flashcards/new-econ-1919858
22/1438043062635.98_20150728002422-00296-ip-10-236-191-2_382963749_0.json
e8993543_RE_Vocab_Flashcards___Cram_com__Abash
[embarrass] decrease, reduce We were relieved at the abatement of the hurricane. [Abash]
abatement
[]
GRE Vocab Flashcards - Cram.com
Abash
http://www.cram.com/flashcards/gre-vocab-2278509
22/1438043062635.98_20150728002422-00187-ip-10-236-191-2_390589756_0.json
e8993543_RE_Vocab_Flashcards___Cram_com__Abash
[embarrass] to give up position or power The aging king abdicated in favor of his son [Abash]
abdicate
[]
GRE Vocab Flashcards - Cram.com
Abash
http://www.cram.com/flashcards/gre-vocab-2278509
22/1438043062635.98_20150728002422-00187-ip-10-236-191-2_390589756_0.json
e8993543_RE_Vocab_Flashcards___Cram_com__Abash
[embarrass] something different from the usual Getting a "D" was an aberration for the normally excellent student [Abash]
aberration
[]
GRE Vocab Flashcards - Cram.com
Abash
http://www.cram.com/flashcards/gre-vocab-2278509
22/1438043062635.98_20150728002422-00187-ip-10-236-191-2_390589756_0.json
e8993543_RE_Vocab_Flashcards___Cram_com__Abash
[embarrass] temporary suppression or suspension Hold your judgment in abeyance until we have all the facts of the case. [Abash]
abeyance
[]
GRE Vocab Flashcards - Cram.com
Abash
http://www.cram.com/flashcards/gre-vocab-2278509
22/1438043062635.98_20150728002422-00187-ip-10-236-191-2_390589756_0.json
e8993543_RE_Vocab_Flashcards___Cram_com__Abash
[embarrass] miserable, pitiful The peasants live in abject poverty [Abash]
abject
[]
GRE Vocab Flashcards - Cram.com
Abash
http://www.cram.com/flashcards/gre-vocab-2278509
22/1438043062635.98_20150728002422-00187-ip-10-236-191-2_390589756_0.json
e8993543_RE_Vocab_Flashcards___Cram_com__Abash
[embarrass] to reject, abandon formally The president abjured any wrongdoing by members of his administration. [Abash]
abjure
[]
GRE Vocab Flashcards - Cram.com
Abash
http://www.cram.com/flashcards/gre-vocab-2278509
22/1438043062635.98_20150728002422-00187-ip-10-236-191-2_390589756_0.json
e8993543_RE_Vocab_Flashcards___Cram_com__Abash
[embarrass] act of cleansing You'd better shorten your morning ablutions or you'll be late for school. [Abash]
ablution
[]
GRE Vocab Flashcards - Cram.com
Abash
http://www.cram.com/flashcards/gre-vocab-2278509
22/1438043062635.98_20150728002422-00187-ip-10-236-191-2_390589756_0.json
e8993543_RE_Vocab_Flashcards___Cram_com__Abash
[embarrass] self denial The religion encourages its followers to practice abnegation periodically. [Abash]
abnegation
[]
GRE Vocab Flashcards - Cram.com
Abash
http://www.cram.com/flashcards/gre-vocab-2278509
22/1438043062635.98_20150728002422-00187-ip-10-236-191-2_390589756_0.json
e8993543_RE_Vocab_Flashcards___Cram_com__Abash
[embarrass] to wear off or down by scraping or rubbing. Millions of years of erosion had abraded the hillside. [Abash]
abrade
[]
GRE Vocab Flashcards - Cram.com
Abash
http://www.cram.com/flashcards/gre-vocab-2278509
22/1438043062635.98_20150728002422-00187-ip-10-236-191-2_390589756_0.json
e8993543_RE_Vocab_Flashcards___Cram_com__Abash
[embarrass] to condense, shorten The long novel was abridged to make it easier for people to read [Abash]
abridge
[]
GRE Vocab Flashcards - Cram.com
Abash
http://www.cram.com/flashcards/gre-vocab-2278509
22/1438043062635.98_20150728002422-00187-ip-10-236-191-2_390589756_0.json
e8993543_RE_Vocab_Flashcards___Cram_com__Abash
[embarrass] to abolish or invalidate by authority. The president has the power to abrogate the agreement by executive order. [Abash]
abrogate
[]
GRE Vocab Flashcards - Cram.com
Abash
http://www.cram.com/flashcards/gre-vocab-2278509
22/1438043062635.98_20150728002422-00187-ip-10-236-191-2_390589756_0.json
e8993543_RE_Vocab_Flashcards___Cram_com__Abash
[embarrass] act of cutting; natural separation of a leaf or other part of a plant The botanist is studying the process of abscission in the Norway maple. [Abash]
abscission
[]
GRE Vocab Flashcards - Cram.com
Abash
http://www.cram.com/flashcards/gre-vocab-2278509
22/1438043062635.98_20150728002422-00187-ip-10-236-191-2_390589756_0.json
e8993543_RE_Vocab_Flashcards___Cram_com__Abash
[embarrass] to depart secretly the treasurer absconded with the funds. [Abash]
abscond
[]
GRE Vocab Flashcards - Cram.com
Abash
http://www.cram.com/flashcards/gre-vocab-2278509
22/1438043062635.98_20150728002422-00187-ip-10-236-191-2_390589756_0.json
e8993543_RE_Vocab_Flashcards___Cram_com__Abash
[embarrass] moderate in appetite Be an abstemious eater if you want to be thin. [Abash]
abstemious
[]
GRE Vocab Flashcards - Cram.com
Abash
http://www.cram.com/flashcards/gre-vocab-2278509
22/1438043062635.98_20150728002422-00187-ip-10-236-191-2_390589756_0.json
e8993543_RE_Vocab_Flashcards___Cram_com__Abash
[embarrass] difficult to comprehend The mathematical equation was so abstruse no one in the class could understand it. [Abash]
abstruse
[]
GRE Vocab Flashcards - Cram.com
Abash
http://www.cram.com/flashcards/gre-vocab-2278509
22/1438043062635.98_20150728002422-00187-ip-10-236-191-2_390589756_0.json
e8993543_RE_Vocab_Flashcards___Cram_com__Abash
[embarrass] very bad Amanda's performance on the test was so abysmal that she dropped the subject [Abash]
abysmal
[]
GRE Vocab Flashcards - Cram.com
Abash
http://www.cram.com/flashcards/gre-vocab-2278509
22/1438043062635.98_20150728002422-00187-ip-10-236-191-2_390589756_0.json
e8993543_RE_Vocab_Flashcards___Cram_com__Abash
[embarrass] to express approval; agree to "If I accede to your request for a favor, the other employees will be angry with me," the boss said. [Abash]
accede
[]
GRE Vocab Flashcards - Cram.com
Abash
http://www.cram.com/flashcards/gre-vocab-2278509
22/1438043062635.98_20150728002422-00187-ip-10-236-191-2_390589756_0.json
e8993543_RE_Vocab_Flashcards___Cram_com__Abash
[embarrass] praise, distinction The highest accolade a teacher can win is the appreciation of his students. [Abash]
accolade
[]
GRE Vocab Flashcards - Cram.com
Abash
http://www.cram.com/flashcards/gre-vocab-2278509
22/1438043062635.98_20150728002422-00187-ip-10-236-191-2_390589756_0.json
e8993543_RE_Vocab_Flashcards___Cram_com__Abash
[embarrass] to approach and speak to someone She doesn't like being accosted by strangers on the street. [Abash]
accost
[]
GRE Vocab Flashcards - Cram.com
Abash
http://www.cram.com/flashcards/gre-vocab-2278509
22/1438043062635.98_20150728002422-00187-ip-10-236-191-2_390589756_0.json
e8993543_RE_Vocab_Flashcards___Cram_com__Abash
[embarrass] moderate appetite [Abash]
abstemious
[]
GRE Vocab Flashcards - Cram.com
Abash
http://www.cram.com/flashcards/gre-vocab-2278509
22/1438043062635.98_20150728002422-00187-ip-10-236-191-2_390589756_0.json
e8993543_RE_Vocab_Flashcards___Cram_com__Abash
[embarrass] act or result of considering something independently of its qualities [Abash]
abstraction
[]
GRE Vocab Flashcards - Cram.com
Abash
http://www.cram.com/flashcards/gre-vocab-2278509
22/1438043062635.98_20150728002422-00187-ip-10-236-191-2_390589756_0.json
e8993543_RE_Vocab_Flashcards___Cram_com__Abash
[embarrass] difficult to comprehend [Abash]
abstruse
[]
GRE Vocab Flashcards - Cram.com
Abash
http://www.cram.com/flashcards/gre-vocab-2278509
22/1438043062635.98_20150728002422-00187-ip-10-236-191-2_390589756_0.json
e8993543_RE_Vocab_Flashcards___Cram_com__Abash
[embarrass] growth in size or increase in amount [Abash]
accretion
[]
GRE Vocab Flashcards - Cram.com
Abash
http://www.cram.com/flashcards/gre-vocab-2278509
22/1438043062635.98_20150728002422-00187-ip-10-236-191-2_390589756_0.json
e8993543_RE_Vocab_Flashcards___Cram_com__Abash
[embarrass] to accumulate, grow by additions [Abash]
accrue
[]
GRE Vocab Flashcards - Cram.com
Abash
http://www.cram.com/flashcards/gre-vocab-2278509
22/1438043062635.98_20150728002422-00187-ip-10-236-191-2_390589756_0.json
e8993543_RE_Vocab_Flashcards___Cram_com__Abash
[embarrass] adoption of the cultural patterns of another group [Abash]
acculturation
[]
GRE Vocab Flashcards - Cram.com
Abash
http://www.cram.com/flashcards/gre-vocab-2278509
22/1438043062635.98_20150728002422-00187-ip-10-236-191-2_390589756_0.json
e8993543_RE_Vocab_Flashcards___Cram_com__Abash
[embarrass] bitter, sharp in taste or temper [Abash]
acerbic
[]
GRE Vocab Flashcards - Cram.com
Abash
http://www.cram.com/flashcards/gre-vocab-2278509
22/1438043062635.98_20150728002422-00187-ip-10-236-191-2_390589756_0.json
e8993543_RE_Vocab_Flashcards___Cram_com__Abash
[embarrass] sour in taste or manner; sharp; caustic. [Abash]
acidulous
[]
GRE Vocab Flashcards - Cram.com
Abash
http://www.cram.com/flashcards/gre-vocab-2278509
22/1438043062635.98_20150728002422-00187-ip-10-236-191-2_390589756_0.json
e8993543_RE_Vocab_Flashcards___Cram_com__Abash
[embarrass] highest point; summit; zenith [Abash]
acme
[]
GRE Vocab Flashcards - Cram.com
Abash
http://www.cram.com/flashcards/gre-vocab-2278509
22/1438043062635.98_20150728002422-00187-ip-10-236-191-2_390589756_0.json
e8993543_RE_Vocab_Flashcards___Cram_com__Abash
[embarrass] to agree without protesting [Abash]
acquiesce
[]
GRE Vocab Flashcards - Cram.com
Abash
http://www.cram.com/flashcards/gre-vocab-2278509
22/1438043062635.98_20150728002422-00187-ip-10-236-191-2_390589756_0.json
e8993543_RE_Vocab_Flashcards___Cram_com__Abash
[embarrass] disposed or willing to agree without protesting [Abash]
acquiescent
[]
GRE Vocab Flashcards - Cram.com
Abash
http://www.cram.com/flashcards/gre-vocab-2278509
22/1438043062635.98_20150728002422-00187-ip-10-236-191-2_390589756_0.json
e8993543_RE_Vocab_Flashcards___Cram_com__Abash
[embarrass] harsh, bitter [Abash]
acrid
[]
GRE Vocab Flashcards - Cram.com
Abash
http://www.cram.com/flashcards/gre-vocab-2278509
22/1438043062635.98_20150728002422-00187-ip-10-236-191-2_390589756_0.json