Please Define the Following Key Terms

question 19

Short Answer

Please define the following key terms
-nonaggression pact

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Definitions:

Import

The act of bringing goods or services into one country from another country for sale or use.

Export

Products or services traded or sold from one nation to another.

Consumer Surplus

The gap between the price consumers are prepared to pay for a product or service and the amount they end up spending.

Autarky

A situation where a country is self-sufficient and does not engage in international trade.