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Government deficits mean that
Lower Labor Standards
The degradation or reduction of labor standards concerning wages, working conditions, and employees' rights.
Free Trade Area
A free trade area is a region where a group of countries have signed a free-trade agreement, reducing or eliminating trade barriers among them.
Labor Mobility
The ease with which workers can move between jobs, regions, or industries, often influencing economic efficiency and worker welfare.
Fiscal Policies
Governmental measures related to tax, spending, and borrowing aimed at influencing a country's economy.
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