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When there is no trade between Econia and Macroland, the price of a hairbrush is $6 in Econia and $8 in Macroland, while the price of a pair of socks is $5 in Econia and $4 in Macroland. If trade opened up between the two countries, which of these would be the terms of trade that might result, assuming that there are no transportation costs?
Depreciation
The orderly apportionment of a physical asset's cost throughout its useful life.
Useful Life
The estimated period an asset is expected to be used before it is deemed no longer useful for operations.
Units-Of-Activity
A depreciation method that allocates cost based on the actual usage, work performed, or units produced by an asset.
Asset ’s Use
The utilization of an asset in a way that enhances its value or contributes to earning revenue.
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