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Some have criticized Kierkegaard's essay because in the two years following its publication, Europe exploded in massive civil unrest. Others think that his essay nonetheless touches on some crucial problems with Western culture and hence is still relevant today. To what extent do you think that his essay is still relevant today? Explain.
Terms of Trade
The ratio of an index of a country's export prices to an index of its import prices, affecting the balance of trade.
Production Possibilities
The different combinations of goods and services that an economy can produce given its available resources and technology, typically represented by a curve.
International Trade
The exchange of goods and services between countries, allowing economies to grow by specializing in the production of goods they can produce most efficiently.
Quantity Demanded
The total amount of a good or service that consumers are willing to buy at a given price level in a given period.
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