Examlex
A bimodal distribution is one that has two
Balance of Trade Deficit
Occurs when a country's imports exceed its exports during a given time period, indicating that it is spending more on foreign trade than it is earning.
Net Exports
The value of a country's total exports minus its total imports. It is a measure used to calculate a country's aggregate expenditures.
Comparative Advantage
The ability of an individual or economy to produce goods or services at a lower opportunity cost than competitors, leading to more efficient trade and production.
Microwave Oven
An electric oven that uses microwaves to heat or cook food by inducing polar molecules in the food to rotate and produce thermal energy.
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