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Why does it make sense for economies to specialize according to comparative advantage and trade?
Revenue
Aggregate income a company secures from its sales of products or rendering of services in a given period.
Excise Tax
A tax imposed on specific goods, services, or activities to raise revenue or discourage their use.
Revenue
The total income generated by a business or organization from its normal business operations.
Supply Curve
A graphical representation showing the relationship between the quantity of goods suppliers are willing to produce and the price of those goods.
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