Examlex
The paradox between the predictions of the comparative advantage theory and actual trade flows is called the Leontief paradox.
Soviet Union
A socialist state in Eurasia that existed from 1922 to 1991, officially known as the Union of Soviet Socialist Republics (USSR).
Global Dimensions
Relates to aspects, considerations, or activities that encompass or address the entire world, often in contexts of economy, politics, or environment.
Affluent Society
An affluent society refers to a community or nation that enjoys a high standard of living, wealth, and economic security, often characterized by the availability of goods, services, and leisure activities.
Federal Government
The national government of a federal country, which shares sovereignty with its states or provinces, responsible for the nation's collective matters.
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