Explain the Difference Between AND and OR Criteria

question 64

Essay

Explain the difference between AND and OR criteria.

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Definitions:

Free Trade

The policy of allowing goods and services to be traded between countries with few or no restrictions or tariffs.

General Agreement

A broad consensus or mutual understanding among parties on a specific set of terms or conditions in various contexts.

Tariffs

Taxes imposed on imported goods, typically used by governments to protect domestic industries and regulate trade balance.

Great Depression

A severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States.