Examlex
If a country has an absolute advantage in the production of every good, it cannot benefit from trade with other countries.
Overconfident
Having an excessively high opinion of one's abilities, performance, or situation, often without adequate justification.
Negotiator
A person involved in discussions aimed at reaching an agreement or resolving a conflict between parties.
Principled Negotiation
Principled negotiation is a negotiation strategy that emphasizes mutual interests, fair standards, and objective criteria in the negotiation process, aiming for a win-win outcome for all parties involved.
Objective Standard
A criterion that is not influenced by personal feelings or opinions and can be independently verified.
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