Examlex
If the international price of beer is one keg of beer = 1 bottle of whiskey, how much whiskey will Northern Ireland consume? Each country completely specializes and 500 kegs of beer are traded for 500 bottles of whiskey.
Developing Countries
Nations with lower levels of industrialization, underdeveloped economic infrastructure, and lower living standards.
Low-Income Countries
Nations with a gross national income (GNI) per capita below a specific threshold set by international organizations.
Middle-Income Countries
Nations with a gross national income (GNI) per capita that falls between low-income and high-income thresholds defined by international financial institutions.
Infant Mortality Rate
A statistical measure representing the number of infant deaths per 1,000 live births in a given year.
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