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Water is flowing at 4.0 m/s in a circular pipe. If the diameter of the pipe decreases to 1/2 its former value, what is the velocity of the water downstream?
International Allocation
The distribution of resources, goods, or capital among countries around the globe according to various economic factors and policies.
Comparative Advantage
The ability of an individual, company, or country to produce goods or services at a lower opportunity cost than competitors.
International Specialization
The economic strategy where countries focus on producing goods and services they are most efficient at in order to trade for goods they are less efficient at producing.
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