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Explain how trade will tend to emerge along the lines of comparative advantage if markets are allowed to work freely.
Market Rate
The current price or interest rate at which goods, services, or securities are bought and sold in a competitive marketplace.
Bond Selling Price
The market price at which a bond is traded, which may be above (premium) or below (discount) its face value.
Par Value
The nominal or face value of a security or currency, as stated by the issuer.
Market Rate
The current price or rate at which goods, services, or securities are traded in the open market.
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