Based on the Results in Chapter 9, Discuss Three Things

question 12

Essay

Based on the results in Chapter 9, discuss three things you would advise a married couple to do to increase their likelihood of having a happy marriage?

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Definitions:

Import

The act of bringing goods or services into one country from another country for sale or use.

Export

Products or services traded or sold from one nation to another.

Consumer Surplus

The gap between the price consumers are prepared to pay for a product or service and the amount they end up spending.

Autarky

A situation where a country is self-sufficient and does not engage in international trade.