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What is the function of a tachometer?
Trade Deficit
A situation where a country's imports exceed its exports, leading to net outflow of domestic currency to foreign markets.
Exports
Goods or services sent from one country to another for sale or trade, contributing to a country's economy.
Imports
Goods or services brought into one country from another for the purpose of sale.
Comparative Advantage
A principle that states a country should produce goods and services at a lower opportunity cost than its trade partners.
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