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Solve for the amount of discount and amount due.
-Invoice amt: $642.39
Invoice date: Sept 11
Terms:
Goods rec'd: Sept 14 Date paid: Nov 12
Natural Resources
Materials or substances that occur in nature which can be utilized for economic gain, such as minerals, forests, water, and fertile land.
International Trade
The exchange of goods, services, and capital across international borders or territories, driven by comparative advantage.
Economic Growth
An increase in the production of economic goods and services, compared from one period of time to another.
Diminishing Returns
A principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other inputs remain constant.
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