Examlex
Which of the following is true of Quito, Ecuador (0° 15' N, 78° 35' S) ?
Import
Refers to the acquisition of goods or services from a foreign country for domestic use.
Export
The process of sending goods or services to another country for sale.
World Price
The international market price of a commodity or product, determined by global supply and demand forces.
Free Trade
The policy of allowing unrestricted import and export of goods between countries, without tariffs, quotas, or other restrictions.
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