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J-curve The dynamic path followed by the balance of trade in response to a devaluation, which typically causes the trade balance to worsen before it improves, tracing a path that looks like a letter "J". [Origin]
J-List In US law, goods that are exempted from the requirement of country-of-origin labeling, because their nature makes them difficult to mark.
Jobless rate Same as unemployment rate.
Jobless recovery After a recession, an expansion of real GDP that is not accompanied by a significant expansion of employment. This is possible, for example, if labor productivity expands.
Jobs argument for protection Employment argument for protection.
Joint product One of two or more products (goods and/or services) that are produced by a single production process, such as milking a cow to produce both milk and cream. Most trade theories assume away joint products for simplicity.
Joint venture An undertaking by two parties for a specific purpose and duration, taking any of several legal forms. Two corporations, for example, perhaps from two different countries, may undertake to provide a product or service that is distinct, in kind or location, from what the companies do on their own.
Jones Act A 1920 U.S. law, still in effect, that prohibits foreign ships from transporting goods or people between one U.S. location and another. Such a restriction on cabotage is an example of a barrier to trade in a service.
Jones' hat algebra See hat algebra.
Jubilee 2000 A movement advocating the cancellation of debts that burden developing countries, intended to occur in the year 2000. The movement succeeded in getting substantial debt forgiveness, though not as much as had been hoped.
Judicial review In a case of unfair trade, the mechanism for appealing a decision.
Juridical person An entity other than a natural person, such as a partnership or a corporation, that is given some of the same rights as persons under the law.
JV Joint venture