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For each of the following, identify in Column 1 the category to which the account belongs, in Column 2 the normal balance for the account, in Column 3 the financial statement on which the account balance is reported, and in Column 4 the account's nature (permanent/temporary).
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Technology
The application of scientific knowledge for practical purposes, especially in industry and in the development of innovations.
Labor Productivity
A measure of economic performance that compares the amount of goods and services produced with the hours worked to produce them.
Specializing
The process of focusing effort and resources on a limited number of activities to gain efficiency and expertise.
International Trade
The exchange of goods and services between countries, allowing for greater variety and availability of products, economies of scale, and increased efficiency.
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