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Why is inequality growing in the United States? According to symbolic interactionists,the answer lies in the concept of competition-differing rewards provide motivation for some people to work harder and achieve more.
Exports
Exports are goods or services produced in one country and sold to buyers in another, contributing to a nation's GDP and influencing its balance of trade.
Produced Domestically
Goods or services that are manufactured or created within a country's borders.
Production Possibilities Frontier
A graphical representation that shows the maximum number of possible goods and services that a country can produce given its resources and technology.
Absolute Advantages
The capacity of a country or entity to produce a good or service more efficiently than others, using the same amount of resources or less.
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