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When David McClelland compared a group of college students with straight A's to another group with poor grades, he found
Subsidy
Financial support provided by the government to businesses, individuals, or other entities, aimed at promoting economic activities or ensuring the affordability of basic goods.
Tariffs
Taxes imposed by a government on imported goods in order to protect domestic industries or to generate revenue.
Quotas
A quota is a government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specified period.
Free Trade Agreements
Treaties between two or more countries to establish a free trade area, where commerce is conducted without tariffs or restrictions.
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