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When a country takes a unilateral approach to free trade,what happens
Interest Rate
The percentage of a sum of money charged for its use, which reflects the cost of borrowing or the return on savings.
Utility Function
A mathematical representation that ranks an individual's preferences over a set of goods and services, aiming to measure satisfaction or happiness.
Consumption
Households' utilization of goods and services.
Interest Rate
The percentage at which interest is paid by a borrower for the use of money they borrow from a lender.
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