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Ruth loves to get up early and get busy in the morning. Her roommate, Elizabeth, likes to sleep in every morning. When Ruth gets up she likes to hum, sing, and clean up the kitchen, rattling pots and pans. Which of the following statements best describes Ruth?
Trade Feedback Effect
A phenomenon where an increase in exports leads to an increase in national income and, consequently, an increase in imports.
Economic Flows
Refers to the movements of funds that reflect economic activity, including the flow of money within and between countries, such as trade, investment, and financial transactions.
Free Trade
International trade left to its natural course without tariffs, quotas, or other restrictions.
Countertrade
A trade mechanism in which goods or services are exchanged for other goods or services instead of for money.
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