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In explaining balance-of-payments adjustments,the classical economists
Cultural Knowledge
Understanding gained about the customs, beliefs, behaviors, and norms of a group or society, facilitating effective social interaction and integration.
Inferences
The process of reaching conclusions based on evidence and reasoning rather than direct observations.
Dispositions
Dispositions are inherent qualities of mind and character, reflecting tendencies to behave in certain ways under various conditions.
Interactions
The reciprocal action or influence between entities or individuals in psychological and social contexts.
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