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The MacDougall study of comparative advantage hypothesized that in those industries in which U.S.labor productivity was relatively high, U.S.exports to the world should be lower than U.K.exports to the world, after adjusting for wage differentials.
Net Income
The total profit of a company after all expenses and taxes have been deducted from total revenues, indicating the net earnings attributable to shareholders.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded for an asset since it was put into use.
Financing Activities
Transactions that result in changes in the size and composition of the equity capital or borrowings of a company, reflected in its statement of cash flows.
Operating Activities
Daily activities of a business related to producing and delivering its products and services, which generate the majority of a company's cash flow.
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