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The principle of comparative advantage suggests that,if New York and Florida exchange taxi parts for oranges,each state will be made worse off.
Allocates Scarce Resources
The process of distributing limited resources among varying needs and wants in an efficient and effective manner.
Codify Ethical Requirements
The process of converting ethical guidelines into formal rules or laws.
Negative Impacts
Adverse effects or consequences that result from a particular process or action.
Be Honest
A principle that encourages truthfulness, transparency, and sincerity in one's actions and communications.
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