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If the world real interest rate is less than the real interest rate that would occur in Canada if there was no trade, what should we expect to happen in the supply and demand for loanable funds graph?
Credit Period
The amount of time allowed by a seller to a buyer to pay for the goods or services purchased on credit, usually described in days.
Highly Perishable
Describes goods or products that have a short shelf life and require immediate consumption, sale, or processing to avoid spoilage or loss of value.
High Cost Item
Products or services that require a significant amount of money to purchase or maintain, often reflecting quality or luxury status.
Competition
The rivalry between businesses or sellers in the same market, aiming to achieve higher sales, profits, and market share.
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