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The Fed directly sets
Comparative Advantage
The ability of an entity to produce a good or service at a lower opportunity cost than others, leading to specialized trade benefits.
Special Natural Endowment
Unique natural resources or advantages that a country or region possesses, which can provide a competitive edge in certain industries or sectors.
Japanese Dominance
A period or concept where Japan excels or has excelled significantly in certain industries or economic sectors, outperforming competitors.
Absolute Advantage
The ability of an entity to produce a good or service more efficiently than its competitors, using fewer resources.
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