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Suppose that the United States has a comparative advantage over Japan in producing a particular good. Describe the process by which the terms of trade are determined. Support your response with a graph.
Alternative
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Limited Liability Company
A corporate form that merges the tax benefits of a sole proprietorship or partnership with the limited liability offered by a corporation.
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Service Business
A business that provides intangible products or services to customers, as opposed to selling physical, tangible goods.
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