Examlex
A hypothesis must be tested many times before it can be considered a theory.
Trade Balance
The variance in value between a country's imported and exported goods and services.
WTO
The World Trade Organization is a global entity responsible for managing the regulations of trade among countries, striving to facilitate trade that is smooth, predictable, and unrestricted.
European Union
A political and economic union of 27 member states located primarily in Europe, committed to regional integration through common laws and policies.
Euro
The official currency of the Eurozone, used by 19 of the 27 European Union countries.
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