Examlex
When filling out an employment application, it is not necessary to answer questions whose answers the employer can find on your resume.
Importer or Exporter
An entity that buys goods and services from a foreign country (importer) or sells them to a foreign country (exporter).
Comparative Advantage
The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than competitors, underpinning the basis for trade.
World Price
The price of a good or service on the international market, shaped by the global forces of supply and demand.
Domestic Price
The cost of products or services in a country, affected by domestic demand and supply factors.
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