Examlex
The floor of a major ocean basin is called a(n)
Imported Good
A product or service brought into one country from another for use, sale, or consumption.
Comparative Advantage
Economic theory suggesting that a party should specialize in producing and trading goods that it can produce at a lower opportunity cost than others, leading to increased efficiency and profit.
Trading Partners
Countries or entities that engage in the exchange of goods and services through import and export activities.
Balance-of-Trade Surplus
A situation where the value of a country's exports exceeds the value of its imports, indicating a net positive flow of domestic currency from foreign markets.
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