Examlex
What is the operationalization of a variable?
NAFTA
The North American Free Trade Agreement, a treaty between the United States, Canada, and Mexico that eliminated most tariffs on trade between them.
GDP
Gross Domestic Product, a measure of the economic performance of a country, calculated as the total value of all goods and services produced over a specific time period.
Protectionism
An economic policy of restricting imports from other countries through methods such as tariffs and quotas to protect domestic industries.
Frederic Bastiat
A French economist and writer known for his advocacy of free markets and his critique of protectionism.
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