Examlex
If there's an increase in the future marginal product of capital in a large open economy,it causes the current account to ________ and saving to ________.
Comparative Advantage
The ability of a country or firm to produce a certain good or service at a lower opportunity cost than others, leading to more efficient trade possibilities.
Absolute Advantage
The ability of a country or entity to produce a good or service more efficiently than its competitors, leading to greater output with the same input of resources.
Comparative Advantage
The ability of an entity to produce a good at a lower opportunity cost than another, leading to potential trade benefits.
Loads
Charges or fees that investors pay when buying or selling mutual funds, often used to compensate sales intermediaries.
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