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In the diagram, how do the concentrations of the reactants and products compare at equilibrium as a general rule?
Trade Openness
A measure of the extent to which a country allows free trade with other countries, including importing and exporting goods without tariff or non-tariff barriers.
Per Capita GDP
The average economic output per person, calculated by dividing the GDP of a country by its population.
Income Levels
The range of earnings of individuals or groups, reflecting economic status, which can influence buying power and standard of living.
Trade Restrictions
Measures such as tariffs, quotas, and embargoes that governments use to control the amount of trade across their borders.
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