Examlex
__________ refer to erroneous beliefs that one is being victimized.
Comparative Advantage
The ability of a country, individual, company, or region to produce a good or service at a lower opportunity cost than competitors.
Technical Goods
Products designed with a specific technical or functional purpose, often requiring specialized knowledge to use.
Heckscher-Ohlin Theorem
An economic theory stating that countries will export goods that require resources (factors of production) that are abundant and import goods that require resources in short supply.
Trade Flows
The movement of goods and services between countries, often measured in terms of imports and exports.
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