Term
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Definition
| goods and services purchased from other nations |
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Term
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Definition
| exchange of goods and services between nations |
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Term
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Definition
| goods and services sold to other countries |
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Term
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Definition
| occurs when a country has special natural resources or talents that allow it to produce an item at low cost |
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Term
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Definition
| the value a nation gains by selling the goods it produces most efficiently |
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Term
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Definition
| differnce in value between exports and imports of a nation |
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Term
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Definition
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Term
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Definition
| limting the quantity or the monetary value of a product that may be imported |
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Term
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Definition
| a total ban on specific goods coming into and leaving a country |
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Term
| WTO(world trade organization) |
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Definition
| a global coalition of 135 governments that makes the rukles governing international trade |
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Term
| NAFTA(NORTH AMERICA FREE TRADE AGREEMENT |
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Definition
| an international trade agreement among the u.s., Canada, and Mexico |
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Term
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Definition
| TERM FOR EUROPE'S TRADING BLOC |
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