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question 195

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Definitions:

Net Exports

The value of a country's total exports minus its total imports, representing the balance of trade.

1930s

A decade marked by the Great Depression, significant economic hardship, unemployment, and social changes worldwide.

1950s

A decade marked by post-World War II recovery, economic prosperity in many countries, and significant socio-cultural developments.

1970s

A decade known for major economic changes, including shifts in political ideologies, oil crises, and the movement towards globalization.

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