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What Is the "Beggar-Thy-Neighbor" Policy,and Why Is It a Problem

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What is the "beggar-thy-neighbor" policy,and why is it a problem for the country that caused it?


Definitions:

Toxic Chemicals

Substances that can cause harm to organisms through chemical reactions or environmental exposure.

Acid Deposition

The deposition of acidic substances, in wet (rain, snow, fog) or dry (dust, smoke) form, from the atmosphere to the Earth's surface, causing environmental harm.

Full-Cost Pricing

involves incorporating both the direct and indirect costs, such as environmental impacts, into the price of goods and services.

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