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Overgrazing, overharvesting of trees, and depletion of groundwater can lead to desertification. True or False?
Economic Integration
Occurs when two or more nations join to form a free-trade zone.
Free-Trade Zone
A specific area within a country where goods may be imported, handled, manufactured, or reconfigured without direct intervention by the customs authorities, often to encourage trade and investment.
Acquired Comparative Advantage
An advantage gained by a country or firm through learning, innovation, and investment, as opposed to natural endowments.
Quota
A government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported.
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