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Unformatted text preview: What does it mean to be self sufficient? Specialization leads to expertise, what is another name for expertise that means experience? What happens when a market produces more? What is Absolute Advantage? Comparative Advantage means? Tangible goods vs. intangible goods… Briefly describe the capital market, be sure to include explicit and implicit. What is a perfectly comparative market?...
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This note was uploaded on 06/20/2011 for the course ECO 105 taught by Professor M during the Spring '11 term at Pace.
- Spring '11