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dual federalism (H7)<br />A loose form of federalism in which the federal and state levels act separately but in paralleL This traditional view of the US Constitution implies that federal government is mainly concerned with interstate commerce with production being the concern of the states.<br /><em>See also:</em> co-operative federalism; fiscal federalism; new federalism
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indirect factor content (D2)<br />The total amount of the FACTORS OF PRODUCTION used in all stages of production prior to the last to achieve a particular output.
dual exchange rate (F3)<br />The two values of a currency determined separately for different sets of monetary transactions. A fixed exchange rate can be used for normal commercial transactions and a floating rate for capital account transactions. Mexico has followed this system.<br /><em>See also:</em> multiple exchange rate
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