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Assume that Canada has a comparative advantage in wheat and a comparative disadvantage in autos.As the Canadian demand for wheat increases, Canada's equilibrium terms of trade improves.
Different Rents
Variations in rental prices, often influenced by factors such as location, demand, and property features.
Future Value
The value of an asset or cash at a specified date in the future that is equivalent in value to a specified sum today.
Interest
The cost of borrowing money, often expressed as a percentage of the amount borrowed, paid to the lender over a specified period.
Time-Value
The concept that money available at the present time is worth more than the same amount in the future due to its potential earning capacity.
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