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Charles Mott works for a company called VeriSign that acts a trusted third party to verify information. One of Charles' largest clients is CheckMd, which holds and authenticates customer reviews of doctors and dentists online and having a third party validating the reviews is critical to CheckMd's success. What type of authentication technique is VeriSign providing for CheckMD?
Comparative Advantage
The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than other producers.
Absolute Advantage
The ability of a country or individual to produce a good more efficiently than another entity with the same resources.
Trade Deficit
The circumstance where a country's imports outpace its exports, causing a negative trade balance.
Trade Surpluses
Trade surpluses occur when a country's exports exceed its imports over a given period, indicating a net inflow of domestic currency from foreign markets.
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