________ Is the Practice of Countries Trying to Maintain a Trade

question 163

Short Answer

________ is the practice of countries trying to maintain a trade surplus and expand their national treasures at the expense of other countries.

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Definitions:

Productivity

A measure of the efficiency of production, often quantified as the ratio of output to input in the production process.

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices during a given time period.

Resource

Assets, materials, or valuable items that are available to be used to produce goods or services.

Derived Demand

The demand for a good or service resulting from the demand for another good or service, as seen in the demand for raw materials driven by the production of final goods.