Examlex
A fluid in an insulated,flexible bottle is heated by a high resistance wire and expands.If 9 kJ of heat is applied to the system and it does 5 kJ of work,how much does the internal energy change?
Terms of Trade
The ratio at which a country's exports exchange for its imports, affecting the economy's health.
Heckscher-Ohlin Theorem
An economic theory stating that countries export what they can most efficiently and plentifully produce, based on their factor endowments of labor, land, and capital.
Trade Flows
The movement of goods and services between countries or regions, highlighting the patterns and volumes of trade.
Factor Endowments
The quantity and quality of labor, land, and capital that a country possesses, which can affect its comparative advantage in trade.
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