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The purpose of which of the following is to determine whether a system is inefficient at any point?
Exports
Products or services that are manufactured in one nation and purchased by consumers in a different country.
Imports
Items or services that come from foreign countries for the purpose of being sold domestically.
Import-Licensing Requirement
Regulations requiring a company or individual to obtain permission, often through a specific license, before importing goods into a country, used by governments to control the volume and types of goods entering the market.
Nontariff Barriers
All barriers other than protective tariffs that nations erect to impede international trade, including import quotas, licensing requirements, unreasonable product-quality standards, unnecessary bureaucratic detail in customs procedures, and so on.
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