Examlex
Select all that apply. Which of the following statement(s) about global variables is(are) true?
Trade
The exchange of goods, services, or both between parties, which can occur domestically or internationally.
World Price
World Price is the international price of a good, determined by global supply and demand, affecting domestic markets.
Domestic Market
The availability and need for products and services inside the boundaries of a nation.
Surplus
A situation where the quantity of a product or resource exceeds the quantity demanded or utilized.
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