Examlex
_____ occurs when a small change in demand by consumers has a big effect through the chain of businesses that supply all of the goods and services that produce it.
International Trade
The exchange of goods, services, and capital across international borders or territories, which involves the import and export activities between different countries.
Prosperity
A state of economic well-being and successful, flourishing conditions, often associated with wealth.
Exports
Goods or services produced in one country and sold to buyers in another, contributing to a nation's gross domestic product.
Balance of Trade Deficit
Occurs when a country's imports exceed its exports during a given time period, indicating that it is spending more on foreign trade than it is earning.
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