Examlex
All of the following are skills needed for effective discussion except:
Free Trade
International trade left to operate without tariffs, quotas, or other restrictions, allowing for the unrestricted exchange of goods and services between countries.
Autarky
A condition in which an economy is self-sufficient and does not engage in international trade.
Total Surplus
The sum of consumer surplus and producer surplus in a market, representing the total benefits to society.
International Trade
The trade of products and services across national borders.
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