Which word or phrase is the best meaning for the underlined word as it is used in the paragraph? use the thesaurus entry to find the correct meaning.
mr. jones was unhappy when he found a parking ticket on his car because there was still time left on the meter. an officer was just down the street. so mr. jones asked him to invalidate the ticket. when he realized his mistake, the officer was happy to nullify it.
nullify v. undo, kill, abolish, wash out
a.
undo
b.
kill
c.
abolish
d.
wash out
invalidate

Identify the trade regulation concept described in each scenario. protectionism free trade trade war country a and country b want to develop their respective export markets. both countries have highly developed agricultural, industrial, and service sectors. the countries decide to initially lower trade barriers and eventually remove them completely. arrowright country a has an agrarian economy with an emerging industrial sector. to allow domestic industries to grow, country a applies quotas on all industrial products except those that are used as resources. arrowright country a passes an economic policy that will indirectly give its own companies an advantage over country b’s companies. country b alleges that the policy violates the countries’ trade agreement and imposes retaliatory tariffs. arrowright