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Explain the basic assumptions of Amsel's frustration theory and how the theory accounts for paradoxical reward effects.
Free Foreign Trade
The exchange of goods and services across international borders or territories without the imposition of restrictions such as tariffs, quotas, or other barriers.
Trade Deficit
A situation where a country's imports of goods and services exceed its exports, indicating more money leaving the economy than entering it.
Exports
The act of selling goods or services produced in one country to other countries.
Trading Partner
An entity with which a company conducts commerce, involving the exchange of goods, services, or information.
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