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I.Define the following terms with what you've learned ( 8 points each, 40 points in all) 1. Factor intensity 2. Effective rate of protection 3.

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I.Define the following terms with what you've learned ( 8 points each, 40 points in all) 1. Factor intensity 2. Effective rate of protection 3. balance of trade 4. Comparative advantage 5. Intra-industry trade

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