Examlex
During the 1992 riots in Los Angeles where many individuals took merchandise, some argued that looters took only what they needed, like food and diapers, whereas others argued looters took only what they had been denied by the system, like TVs and stereos. If these looters were focusing on their own needs, what was their level of values maturity?
Unilateral Approach
A strategy or action taken by a single nation or entity independently, without coordination with others.
Free Trade
Free Trade is a policy where governments do not discriminate against imports or interfere with exports, allowing goods to move freely between countries.
North American Free Trade Agreement
A trade agreement between Canada, Mexico, and the United States designed to reduce trading costs, increase business investment, and help North America be more competitive in the global marketplace.
No-Trade Situation
A theoretical scenario where no trade occurs either because of complete self-sufficiency or prohibitive trade barriers.
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