Examlex
Other things equal, an increase in productivity will shift the aggregate supply curve rightward.
General Agreement
A broad consensus or contractual arrangement between parties that outlines mutual terms and conditions.
Tariffs
Tariffs are taxes imposed by a government on imported or exported goods to regulate trade and protect domestic industries.
World Trade Organization
An international organization that deals with the global rules of trade between nations, aiming to ensure that trade flows as smoothly, predictably, and freely as possible.
International Trade Disputes
Conflicts that arise between countries or businesses in different countries regarding the exchange of goods, services, and intellectual property.
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