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What was the result of the Compromise of 1877?
Open-Economy Macroeconomic Model
A framework for analyzing economies that engage in international trade, considering the impact of exchanges between domestic and foreign markets.
Trade Policies
Trade policies comprise laws and regulations governing international trade, including tariffs, trade agreements, and import/export controls, to protect domestic industries and manage economic relationships.
Trade Balance
The value of a nation’s exports minus the value of its imports; also called net exports.
Capital Flight
The large-scale exodus of financial assets and capital from a country due to economic instability or unfavorable policies, leading to a decrease in investment and economic growth.
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