Every Halloween, James and his family decorate their house based on the themes of various horror films. The residents of their neighborhood look forward to visiting their house every year. This annual practice of James and his family is a .

Ritual.

Explanation:

As the exercise exemplifies, a ritual is a series of activities that could include from a dance, a song, an omen, words, totems or objects, etc., performed in a particular plance, date, background, etc. In the example, the ritual is to decorate their house based on the themes of various horror films. This being an annual practice, on a particular date, bringing out a series of actions from the family members is their ritual.

trade regulation is a field of law, often bracketed with antitrust (as in the phrase “antitrust and trade regulation law”), including government regulation of unfair methods of competition and unfair or deceptive business acts or practices. antitrust law is often considered a subset of trade regulation law. franchise and distribution law, consumer protection law, and advertising law are sometimes considered parts of trade regulation law.

in general the theory of economics says that the more open to trade a country is the better   the result for the same country and the whole economies.

in real life countries impose taxes, quotas, etc which is not so good for the economies.

this kind of commercial war between the usa and china is slowing down the growth of the whole world so we can say that it is a draw back of trade regulations. and the free trade agreements are benefits of trade regulations.