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Sarah is sitting for an interview.She notices that her interviewer is nodding and smiling when she answers a question.In this scenario,Sarah's interviewer:
Job Losses
The act of becoming unemployed due to factors like economic downturns, restructuring, or automation.
Job Gains
Increases in the number of jobs available in an economy, indicating employment growth and potentially a strengthening economic condition.
Consumer Surplus
The disparity between the total price consumers are ready and able to pay for a service or product and what they end up paying.
International Trade
The exchange of goods and services between countries, which allows for greater variety of consumption and efficiency in production.
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