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The figure given below shows the import demand and export supply curves of corn of the U.S.and Mexico. Figure 20.2
- According to Figure 20.2,the international equilibrium price of corn is:
Future Goods
Future goods are goods that are to be manufactured, produced, or acquired by the seller after the making of a contract of sale.
Risk of Loss
The potential for an investment or transaction to result in a decrease in value or financial loss.
Identified
Recognized or established as being a particular entity or thing.
Contract
A legally binding agreement between two or more parties that outlines rights and duties towards one another.
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