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Restrictions that limit sugar imports, subsidies for the construction of sports stadiums, and federal spending on programs like the construction of an indoor rain forest in Iowa all provide examples of government programs
Trade Surplus
A situation where the value of a country's exports exceeds the value of its imports.
Trade Deficit
Occurs when a country's imports exceed its exports, leading to a negative balance in trade.
Balanced Trade
A trade situation in which the value of a country's exports equals the value of its imports over a certain period.
Net Exports
The value of a country's total exports minus the value of its total imports.
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