Examlex
The case example of the Hmong man and the Housing Authority refusal to certify his house illustrates the use of:
Specialize And Trade
A concept in economics where individuals or nations focus on the production of a limited range of goods at which they are most efficient, and then trade with others to meet their diverse needs and wants.
Import
The act of bringing goods or services into one country from another for the purpose of sale.
Compasses
Instruments used for navigation and orientation that show direction relative to the geographic cardinal directions (North, South, East, and West).
Absolute Advantage
The ability of an individual, company, or country to produce a good or service more efficiently than others with the same resources.
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