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The Black Death

question 53

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The Black Death


Definitions:

International Trade

International trade involves the exchange of goods and services across national borders, driven by the principles of supply and demand.

Balance of Payments Deficit

A situation where the total of the country's imports and its external payments exceeds the total of its exports and external receipts.

Net Inflow

The measurement of the total amount of money being transferred into a particular entity, sector, or system, minus the amount leaving it.

Net Outflow

The total amount of money leaving a country or economy as a result of outflows exceeding inflows, often related to international trade, investments, and financial transactions.

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