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Technician A says a one-way clutch in the stator allows it to remain stationary when it is not needed. Technician B says the flow of fluid from the impeller to the turbine is directed with the aid of the stator. Who is correct?
Absolute Advantage
The ability of an individual, company, or country to produce a good or service at a lower cost per unit than the cost at which any other entity can produce the same good or service.
Comparative Advantage
The endowment of a person, enterprise, or nation to output a good or service at a diminished opportunity cost relative to rival entities.
Barriers to Trade
Measures that governments or public authorities introduce to restrict or prevent international trade.
Quota
A government-imposed trade restriction that limits the quantity or monetary value of goods that can be imported or exported during a specific time frame.
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