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When the Value of Exports Exceeds the Value of Imports

question 18

Short Answer

When the value of exports exceeds the value of imports, this refers to ______.


Definitions:

National Treatment

A GATT principle of trade law that prohibits WTO member states from regulating, taxing, or otherwise treating imported products any differently from domestically produced products.

Right of Priority

An entitlement to preferential treatment or consideration over others, often in the context of legal rights or the position in an ordering system.

Organization Website

The official online presence of an organization, providing information about its services, mission, and contacts.

.org

A top-level domain typically used by nonprofits, charities, and organizations engaged in noncommercial activities.

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