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when countries work together in the economic sphere to achieve mutual objectives; such as reducing barriers to trade and international investment and encouraging economic growth.
the cost of producing a good or service in the long run from variable inputs (long run costs...
if the output is produced for one person there is no way of preventing others from using it as...
the sacrifice that has to be made every time a choice is made because of scarcity.
(also called the free market system or market capitalism) prices and quantities in the economy...