Examlex
A written modification to an oral contract is required if the oral modification to the contract ________.
Balance of Trade
The difference in value between a country's imports and exports over a given period, indicating trade surplus or deficit.
Tariffs
Taxes imposed by a government on imported or exported goods to regulate trade, often used to protect domestic industries from foreign competition.
Merchandise Trade Deficit
The situation that occurs when a country imports more goods than it exports, leading to a negative trade balance.
European Union
A political and economic union of 27 European countries that are located primarily in Europe, aiming to ensure peace, prosperity, and freedom of movement.
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