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in trade when the ability to produce the two goods in an efficient way differs between the two countries.
when one or a few sellers control the supply; they have the power to set the prices.
selling goods in a foreign country at a lower price than in the country of origin.
(also called deficit) when estimated expenditure is greater than revenue.
the way countries are administered in an honest and efficient way.
the quantity of output of goods and services produced by the workers in a certain time.