Economics Glossory英文资料.pdfVIP

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Glossary absolute advantage Where a country is able to barrier to trade Anything which prevents produce more output than other countries free trade between two countries, e.g. using the same input of factors of production. tariffs, quotas. ad valorem taxes An indirect tax where a given barriers to entry Obstacles that prevent a new percentage is added to the price of a good or firm from entering a market, such as service. econo

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