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In the figure below, the astronaut cannot tell the difference between the two situations due to
International Trade
The exchange of goods, services, and capital between countries and territories, allowing for greater variety of consumption and efficiencies in production.
Productive
Refers to the ability of an individual, company, or economy to produce goods or services efficiently and effectively.
Tariff Revenue
Income generated by the government through the imposition of taxes on imported goods.
Tariff
A tax imposed by a government on imported or exported goods to control trade flows, raise revenue, or protect domestic industries.
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