Because Trade Policies Do Not Affect a Country's Overall Trade

question 7

True/False

Because trade policies do not affect a country's overall trade balance, they also do not affect specific firms, industries and foreign countries.

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Definitions:

National Bill

A legislative proposal debated and adopted by a national body, such as a parliament, to become a law.

Aristocratic Senate

A legislative body or chamber that is comprised of members of the aristocracy, typically representing privilege, inherited titles, or elevated social status.

Anti-Federalists

Individuals who opposed the ratification of the United States Constitution, fearing a too powerful central government.