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A painter is constructing a rectangular canvas for her next masterpiece. She plans to construct the canvas so that the ratio of the larger side to the smaller side is equivalent to the golden ratio. If the smaller side is 233 cm in length, then what is the length of the larger side in centimeters? Round the
answer to the nearest whole number.
Comparative Advantage
The ability of an individual or country to produce a good or service at a lower opportunity cost than others.
Production Possibility Curve
A graph that shows the maximum number of possible units a company can produce of two products given a set of inputs, reflecting the trade-off and opportunity cost of producing one product over another.
Trade
The action of buying, selling, or exchanging goods and services between people, firms, or countries.
Exchange Rate
The monetary worth assigned to one currency when converting it to another currency.
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