Examlex
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Trading Possibilities Curves
A graphical representation illustrating the range of goods or services that two countries can trade with each other under the assumption of no trade barriers.
Production Possibilities Curves
A graphical representation showing the maximum number of goods or services that can be produced with a fixed amount of resources.
Terms Of Trade
The ratio at which a country's exports can be exchanged for imports, a measure of a nation's export prices relative to its import prices.
Feasible Terms
Conditions or parameters that are possible and practical to meet, often used in negotiations or agreements.
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