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Imports > Exports
Trade Surplus
International Trade
Free Trade
Balance of Trade
Imports
Exports
Absolute Advantage
Trade Deficit
Difference in value between exports and imports
Trade Surplus
International Trade
Free Trade
Balance of Trade
Imports
Exports
Absolute Advantage
Trade Deficit
Occurs when a country has economic resources that allow it to produce a product at a lower unit cost than any other country.
Trade Surplus
International Trade
Free Trade
Balance of Trade
Imports
Exports
Absolute Advantage
Trade Deficit
Goods and services sold to other countries
Trade Surplus
International Trade
Free Trade
Balance of Trade
Imports
Exports
Absolute Advantage
Trade Deficit
The following are trade barriers except:
Trade Surplus
International Trade
Free Trade
Balance of Trade
Imports
Exports
Absolute Advantage
Trade Deficit
Exchange of goods and services among nations.
Trade Surplus
International Trade
Free Trade
Balance of Trade
Imports
Exports
Absolute Advantage
Trade Deficit
Goods and services purchased from other countries.
Trade Surplus
International Trade
Free Trade
Balance of Trade
Imports
Exports
Absolute Advantage
Trade Deficit
Exports > Imports
Trade Surplus
International Trade
Free Trade
Balance of Trade
Imports
Exports
Absolute Advantage
Trade Deficit
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