Examlex
Identify the following rhythm: _________________________
World Trade Organization
An international organization that regulates trade between nations to ensure that trade flows as smoothly, predictably, and freely as possible.
International Trade Agreements
Treaties in which a country promises to engage in less trade protection against the exports of other countries in return for a promise by other countries to do the same for its own exports.
Autarky
An economic condition or system in which a country is self-sufficient and does not engage in international trade.
Consumer Surplus
The gap between the maximum sum consumers are ready to pay for a product or service and the sum they ultimately spend.
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