Examlex
Movements of workers from country to country can cause shifts in the labor supply curves for both countries.
Comparative Advantage
Comparative advantage is the ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors, underpinning international trade theory.
International Trade
The exchange of goods, services, and capital across international borders, driven by the concept of comparative advantage.
Tariff
A tax imposed on imported goods and services to increase their price and reduce competition with domestic products.
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