Examlex
Explain why international trade is less important to the United States than it is to many other countries.
Rational Decisions
Choices made by individuals or entities based on logical assessment and comparison of the costs and benefits associated with different alternatives.
Financial Crisis
A situation where financial assets suddenly lose a significant part of their nominal value, often leading to widespread economic disruption and possibly a banking crisis.
Behavioral Economics
A field of economics that studies the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.
2007-2009 Recession
A severe global economic downturn sparked by the financial crisis, marked by high unemployment rates and significant declines in economic activity worldwide.
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