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Suppose that a country that has a high level of output per person agrees to trade with a country that has a low level of output per person.Which country can benefit?
Price Reduction
A decrease in the selling price of goods or services, typically aimed at increasing sales volume or clearing inventory.
Net Operating Income
A measure of a company's profitability from its regular business operations, excluding taxes and interest.
Price Hike
An increase in the price of goods or services, which can be due to various factors including increased production costs or higher demand.
Net Operating Income
A measure of a company’s profitability, calculated as revenues less operating expenses excluding taxes and interest.
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