Examlex
____ consist(s) of a computer's electronic components that store instructions waiting to be executed and data needed by those instructions.
Trade Agreements
Formal arrangements between countries to regulate tariffs, quotas, and other trade restrictions to facilitate and encourage international trade.
Trade Barriers
Government-imposed regulations such as tariffs, quotas, and embargoes that restrict the free flow of goods and services between countries.
Efficiency Loss
Losses in economic efficiency that occur when equilibrium for a good or a service is not achieved or is not achievable.
Free Trade
An economic policy that allows for unrestricted import and export of goods and services between countries, devoid of tariffs, quotas, or other trade barriers.
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