Examlex
The degree of cohesiveness in a group _______________.
Mercantilistic Trade Policies
Trade strategies based on the principles of mercantilism, which focus on maximizing exports and minimizing imports to build national wealth.
Economic Disruptions
Significant interruptions to the normal flow of goods, services, and capital, often caused by financial crises, natural disasters, or geopolitical events.
Trade Specialization
The economic practice where countries or regions focus on producing goods and services in which they have a comparative advantage, leading to increased efficiency and productivity.
Trade Surplus
Occurs when a country's exports exceed its imports during a specific time period, indicating a positive balance of trade.
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