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A technician is often asked to read graphs drawn by a machine. The machine records measurements by plotting them on a graph. Any field in which quality control or continuous information is needed might use this way of recording measurements. The figure labeled "Microbarograph (Atmospheric pressure in inches) " shows a microbarograph used by the weather service to record atmospheric pressure in inches. What was the atmospheric pressure recorded for Thursday at 2:00 p.m.?
Heckscher-Ohlin Model
An economic theory that proposes countries will export products that utilize their abundant and cheap factors of production and import goods that require resources that are rare or expensive domestically.
Endowment
An endowment is the total of a person's or entity's assets, minus liabilities, considered in the context of their financial impact or wealth.
Clothing
Items worn on the body, typically made from fabrics or textiles, used for protection, adornment, or social status.
Comparative Advantage
The ability of an entity to produce a good or service at a lower opportunity cost than another entity, facilitating beneficial trade.
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