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Why is it likely that the United States has an absolute advantage in goods and yet it still ends up importing them from other countries?
Substitute Good
A product or service that can be used in place of another to satisfy similar needs or wants, thereby affecting its demand.
Complementary Good
A product or service that is used together with another product or service, increasing demand for one another.
Normal Good
A type of good for which demand increases as the income of the consumer increases.
Popcorn
A type of corn kernel which expands and puffs up when heated, commonly seasoned and served as a snack.
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