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The Domestic Cost Ratios of Nations Set the Outer Limits

question 121

True/False

The domestic cost ratios of nations set the outer limits to the equilibrium terms of trade.


Definitions:

Collect Like Terms

The process in algebra of combining terms that have the same variables raised to the same power to simplify expressions or equations.

Collect Like Terms

The method in algebra which involves merging terms that possess identical variables elevated to the same exponent.

Operation Indicated

The execution of a computational or algebraic process as prescribed by mathematical or operational signs.

Collect Like Terms

A mathematical process of combining terms in an algebraic expression that have the same variables raised to the same power.

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