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Technician A says that PASS is an acronym used to help remember how to use a fire extinguisher. Technician B says that a class A fire extinguisher can be used to fight an electrical fire only. Who is correct?
International Trade
The exchange of goods and services between countries, allowing for increased efficiency and market expansion by capitalizing on comparative advantage.
Lower Opportunity Cost
A situation where choosing one option over another results in a lower forfeit of potential benefit from the other options.
Self-Sufficient
refers to the ability of an individual, community, or country to provide for all their needs independently, without external assistance.
Trading Partner
A country, organization, or entity with which a business or country conducts trade, sharing a mutual economic exchange.
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