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What is an El Niño/Southern Oscillation (ENSO) event? La Niña? How are they connected to each other?
Domestic Supply
The total amount of goods and services produced within a country's borders, available for domestic consumption or export.
Demand Schedules
Tabulated data showing the quantity of a good or service that consumers are willing and able to purchase at different price levels over a specified period of time.
World Price
The global market price of a good or service, influenced by worldwide demand and supply.
Free Trade
Free trade is an economic policy that allows goods and services to be bought and sold across international borders with little to no government tariffs, quotas, subsidies, or prohibitions to inhibit their exchange.
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