Examlex
An electronic tendering system uses _________ with a _________ auction mechanism.
Imports
Goods and services brought into one country from another for sale, which can impact a nation’s economy by influencing the balance of trade.
Exports
The selling of goods and services produced in one country to another country.
Bretton Woods System
A monetary management system that established the rules for commercial and financial relations among major industrial states after World War II, introducing fixed exchange rates and laying the foundation for modern international monetary systems.
Trade Surplus
Occurs when the value of a country's exports exceeds the value of its imports.
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