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According to the Factor-Price-Equalization Theory,international Trade Results in the Relative

question 113

True/False

According to the factor-price-equalization theory,international trade results in the relative differences in resource prices between nations being eliminated.


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Impervious

Not allowing fluid to pass through; unable to be affected or penetrated.

Truman Doctrine

was a U.S. foreign policy strategy announced in 1947, aimed at containing communism by providing military and economic aid to countries threatened by Soviet forces.

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A rise in the percentage of income, sales, or assets that individuals or businesses must pay to the government.

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