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Oil refiners can refine a barrel of petroleum so that it yields either more home heating oil or more diesel fuel.If the price of diesel fuel falls,there is
International Trade
The exchange of goods and services across international borders or territories, involving the import and export between countries.
Normative Economic Statements
Assertions about economic outcomes or policies that incorporate judgments about what is desirable or undesirable, reflecting values and norms rather than hard facts.
Standard of Living
A measure of the wealth, comfort, material goods, and necessities available to a certain socioeconomic class in a certain geographic area.
Equal Distribution
The equitable allocation of resources, income, or assets among all members of a society or group.
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