- Industry: Education
- Number of terms: 31274
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A provision within a piece of legislation providing for its expiration on a specified date unless it is deliberately renewed.
Industry:Economy
A U. S. Law authorizing USTR to identify the most significant unfair trade practices confronting U. S. Exports and to seek to eliminate them. In contrast to Section 301, this does not require a private party to initiate the action.
Industry:Economy
A trading bloc among countries that are natural trading partners but that, because its tariff preferences are too extreme or transport costs with the outside world are too low, reduces world welfare. Due to Frankel (1997).
Industry:Economy
1. The act of offering a product for sale. 2. The quantity offered for sale. 3. The quantities offered for sale at various prices; the supply curve.
Industry:Economy
A shock on the supply side of a market. Thus an unexpected shift, up or down, in the supply curve.
Industry:Economy
A diagram illustrating the conflict between internal balance and external balance as they respond to its fiscal deficit and its costs relative to the world (and thus its exchange rate. ) Due to Swan (1955).
Industry:Economy
1. In exchange markets, this is a simultaneous sale of a currency on the spot market together with a purchase of the same amount on the forward market. By combining these two transactions into a single one, transactions costs may be reduced. 2. An arrangement between central banks whereby they each agree to lend their currency to the other.
Industry:Economy
A manufacturing workplace that treats its workers inhumanely, paying low wages, imposing harsh and unsafe working conditions, and demanding levels of performance that are harmful to the workers.
Industry:Economy
A formula devised during the Tokyo Round for reducing tariffs in a manner that would harmonize them. The formula is ''t<sub>new</sub>''=(''t<sub>old</sub>M'')/(''t<sub>old</sub>+M''), where the ''t'''s are the new and old tariffs, in percent, and ''M'' is a number that turns out to be the maximum possible new tariff. Somebody, presumably Swiss, was very clever!
Industry:Economy
