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Definition
Imports refer to goods and services purchased from another country. For instance, industrialized countries usually import oil from OPEC countries. The term
Imports
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Related Terms
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Oil is a substance that is used for power and energy in order to run all the machines that we humans use....
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The Current Account Balance (CAB) is a function relating to a country’s Balance of Payments (BOP), others...
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All oil purchases from OPEC must be paid in U.S. dollars. If Mexico wants to buy oil, it has to sell its...
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An index that measures the change in price of a representative basket of goods and services such as food,...
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The Organization of the Petroleum Exporting Countries, also known as “OPEC,” is an intergovernmental...
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