Examlex
Simplify the expression. Assume that the variables in the denominator are nonzero.
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Free Trade
An economic policy that allows imports and exports between countries without tariffs, quotas, or other restrictions.
Domestic Price
The price of goods or services within a country's borders, exclusive of international factors.
World Price
The price at which goods trade on the international market, reflecting the global balance of supply and demand for those goods.
Import
Goods or services that come into a country from abroad for sale.
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