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Match the Person or Term with the with the Correct

question 15

Multiple Choice

Match the person or term with the with the correct description.
-Port Huron Statement


Definitions:

Negative Merchandise Trade Balance

A situation where a country's imports of goods exceed its exports of goods, leading to a trade deficit in physical goods.

Services Trade Balance

The services trade balance refers to the difference between a country's exports and imports of services.

Free Trade

A policy by which a government does not discriminate against imports or interfere with exports by applying tariffs (to imports) or subsidies (to exports) or quotas.

Imported Tires

Tires that are manufactured outside a country and are brought in through trade.

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