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Express the sum using summation notation.
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Merchandise Balance
The difference in value between a country's imports and exports of goods.
Services Balance
The difference between a country's exports and imports of services.
Balance Of Trade
The difference between a country's exports and imports of goods.
Comparative Advantage
An economic principle that states that an entity (e.g., country, region, or individual) can produce a good at a lower opportunity cost compared to others, leading to more efficient trading possibilities.
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