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Describe the selection problem in international relations.Why does the selection problem make it difficult to assess the influence of international law on state behavior?
Adam Smith
A Scottish economist, philosopher, and author known as the father of modern economics, famous for his work "The Wealth of Nations."
Aggregate Demand
The total demand for all goods and services in an economy at different price levels, during a specific time period.
Value of Money
The purchasing power of currency, indicating the amount of goods or services that can be bought with a unit of money.
Quantity of Money
The total amount of money available in an economy at a specific time, including cash, coins, and balances in bank accounts.
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