Examlex
The networks,processes,and institutions that shape the planetary system of resource distribution,create wealth and poverty in different parts of the globe is the ________ ________.
Import Demand
The desire or need for products or services brought into a country from abroad.
Equilibrium World Price
The price at which the supply of a good on the global market equals the demand for that good.
Two-Nation Model
An economic model used in international trade theory to analyze the effects of trade between two countries, considering factors like comparative advantage.
World Price
The international market price at which goods and services are traded between countries.
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