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At the time of its introduction, which of the following products was the best example of a continuous innovation?
Free Trade
An economic policy that allows imports and exports between countries with minimal or no tariffs, quotas, or other restrictions.
World Price
The worldwide cost of a product or service, set by the conditions of international supply and demand.
Domestic Price
The price of goods or services within a particular country, unaffected by international market variables.
Oil Barrels
Standardized units measuring volumes of crude oil and its products, with one barrel equivalent to 42 U.S. gallons.
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