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The Viciously Circular Pattern of Life Is Called

question 45

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The viciously circular pattern of life is called


Definitions:

Trade Deficit

A situation in which a country's imports of goods and services exceed its exports, resulting in a negative balance of trade.

Exports

Goods, services, or technology sent out of a country to be sold in another.

Imports

Goods and services purchased from foreign producers, brought into a country.

Trade Deficit

A situation where a country imports more goods and services than it exports, resulting in a negative balance of trade.

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