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Translate the Statement of Variation into an Equation and Use d=kb3d = \frac { k } { b ^ { 3 } }

question 38

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Translate the statement of variation into an equation and use k as the constant of variation. d varies directly as the cube of t .


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Tariffs

Taxes on imports or exports between sovereign states.

Quotas

Restrictions set by a government on the amount of a particular good that can be imported or produced within a certain timeframe.

Comparative Advantage

The ability of an individual or group to carry out a particular economic activity more efficiently than another activity.

Absolute Advantage

The ability of a country, individual, or firm to produce more of a good or service than competitors using the same amount of resources.

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