Examlex
Explain why the buffalo almost became extinct while cattle did not, even though both provide similar goods for people.
North American Free Trade Agreement
A trade agreement eliminating tariffs and other trade barriers between the United States, Canada, and Mexico.
Tariffs
Taxes imposed on imported goods and services, which can affect trade dynamics between countries.
Trade Barriers
Measures implemented by governments to regulate or limit international trade, including tariffs, quotas, and embargos, to protect domestic industries.
Power Distance
The degree to which a culture accepts unequal distribution of power.
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