Examlex
To split one cell into two cells,click the ____________________ button in the Merge group on the Table Tools Layout tab.
Comparative Advantage
An economic principle that states a country should produce and export goods for which it is more efficient at producing than other countries, and import goods that it is less efficient at producing.
Terms of Trade
The ratio of an index of a country's export prices to an index of its import prices, affecting the balance of trade.
Production Possibilities
The different combinations of goods and services that an economy can produce given its available resources and technology, typically represented by a curve.
International Trade
The exchange of goods and services between countries, allowing economies to grow by specializing in the production of goods they can produce most efficiently.
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