Examlex
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Terms Of Trade
The ratio at which a country can trade its exports for imports from other countries; reflects the relative prices of a country's export and import products.
Production Possibilities
The different combinations of goods and services that an economy can produce efficiently with given resources and technology.
Limits
Concepts in mathematics and economics referring to the value that a function or sequence "approaches" as the input or index approaches some value.
GDP Percentage
A metric that represents a component of the Gross Domestic Product as a percentage of the total GDP, often used to assess economic health.
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