Examlex
Where is the world's fourth-largest freshwater lake,the size of which has been decreased by almost 90% to provide water for agriculture?
Trade Agreements
Formal arrangements between countries to regulate tariffs, quotas, and other trade restrictions to facilitate and encourage international trade.
Trade Barriers
Government-imposed regulations such as tariffs, quotas, and embargoes that restrict the free flow of goods and services between countries.
Efficiency Loss
Losses in economic efficiency that occur when equilibrium for a good or a service is not achieved or is not achievable.
Free Trade
An economic policy that allows for unrestricted import and export of goods and services between countries, devoid of tariffs, quotas, or other trade barriers.
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