Examlex
In most locations ocean water salinity is in dynamic equilibrium, inputs equal outputs. What does this mean and what are the inputs and outputs for dissolved solids in seawater?
Specialize
The process of focusing on a narrow area of expertise or production, allowing individuals or firms to increase efficiency and quality.
Domestic Price
The price of goods or services within a country's borders, as opposed to their price when exported.
World Price
The global market price of a good or service, determined by supply and demand across all countries.
Export Supply Curve
A graphical representation that shows the relationship between the price of a good on the international market and the quantity of the good that a country is willing to export.
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