Examlex
Select the correct description for each of the abbreviations.
-ASD
Petroleum Imports
These refer to the acquisition of crude oil or refined petroleum products from foreign countries.
Comparative Advantage
An economic principle that posits countries, individuals, or entities gain and benefit from trading if they specialize in producing goods and services for which they have a lower opportunity cost.
Comparative Advantage
The expertise of an individual, a corporation, or a sovereign state to create a commodity or a service that bears a lower opportunity cost than that of competing entities.
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