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What are the characteristics of firms best-suited to open-book management?
Trade Surplus
A situation where a country exports more goods and services than it imports, resulting in a positive balance of trade.
Net Exports
The value of a country's total exports minus the value of its total imports, reflecting the balance of trade.
Exchange Rates
The worth of a single currency when converted into another, showing the amount of one currency that can be swapped for a different one.
Purchasing-Power Parity
A theory in economics that compares different countries' currencies through a "basket of goods" approach to assess whether it's undervalued or overvalued.
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