Examlex
Each set of negotiators in integrative negotiations tries to build consensus for agreement and resolve intragroup conflict before dealing with the other group's negotiators.
World Price
The worldwide cost of a product or service, set by the conditions of international supply and demand.
Domestic Price
The price of goods or services within a particular country, unaffected by international market variables.
Oil Barrels
Standardized units measuring volumes of crude oil and its products, with one barrel equivalent to 42 U.S. gallons.
Comparative Advantage
A concept in international trade that describes how a country can produce a particular good at a lower opportunity cost compared to other countries.
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