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Anika resisted changing her answer to a test question after reminding herself that "it's always best to stick with your first answer." Anika's decision best illustrates the use of
Trade Deficit
A nation's negative balance of trade, which exists when that country imports more products than it exports.
Taxes on Imports
Financial duties applied to goods brought into one country from another, typically used to protect domestic industries and generate revenue.
Trade Deficit
An economic measure where a country's imports exceed its exports over a certain period, indicating an outflow of domestic currency to foreign markets.
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