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For Any Pair of Countries, There Is Only One Single

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For any pair of countries, there is only one single exchange rate that can lead automatically to both countries realizing the gains from specialization and comparative advantage.


Definitions:

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors.

Typing Speed

The rate at which a person can type text, often measured in words per minute.

Variation

The occurrence of differences or changes in the characteristics of entities within any population, leading to diversity.

Manipulation Of Typing Speed

the deliberate adjustment or control of one's typing speed, which can be applied for various purposes, such as reducing typos or matching the pace in a typing tutorial.

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