Examlex
Explain kiting, and discuss how it is performed.
GATT
The General Agreement on Tariffs and Trade, an international trade treaty designed to boost economic recovery after World War II by reducing or eliminating trade barriers such as tariffs and quotas.
International Trade
The exchange of goods and services between countries.
Trade Balance
The difference between the monetary value of a nation's exports and imports over a certain timeframe.
Free Markets
Economic systems in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.
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