Instructions: Identify the Following

question 11

Essay

Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
Grand Army of the Republic (GAR)

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Definitions:

Transaction Costs

Expenses incurred during the process of buying or selling goods and services, which may include fees, taxes, or other costs.

Comparative Advantage

The theory suggesting that countries or entities benefit and gain efficiency from specializing in the production of goods or services for which they have a lower opportunity cost.

Freedom Of Movement

The right of individuals to travel and relocate freely within a country or between different countries.

Transaction Costs

Expenses incurred when buying or selling goods and services, which may include fees, taxes, and other charges.