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To use a leased line,the customer requires a(n) ________ at each site.
Terms of Trade
The ratio at which a country can trade its exports for imports from other countries, reflecting the relative prices of exports and imports.
Gains from Specialization
The increase in overall production and efficiency that occurs when individuals or entities focus on specific tasks or functions they perform best.
Comparative Advantage
The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors.
World Economic Resources
It refers to all natural, human, and capital resources that are available globally which support economic production and development.
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