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The CPM Establishes

question 23

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The CPM establishes:


Definitions:

Trade Surplus

A situation where a country's exports exceed its imports, leading to a positive balance of trade.

Tariffs

Taxes imposed by a government on imported goods to protect domestic industries and generate revenue.

Allocation

The process of distributing resources or tasks among people or groups based on a specific criteria.

Efficient Industries

Industries that achieve maximum productivity with minimum wasted effort or expense.

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