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Match the following terms and definitions. - The practice of doing business around the globe, involving many different nations' resources and practices to create a
Match the following terms and definitions. - The practice of doing business around the globe, involving many different nations' resources and practices to create a product that is eventually sold to one or many nations at the same time. - The past forms of globalization looked at trading across nations as a... - When a country is better at producing something than anyone else. - When they have an absolute advantage and use it to engage in trade with other nations who have something of great value themselves, that they want to trade for. - When the wealth of a nation is concentrated in the minority of a population and not more equally attainable by middle-class demographics. A. wage disparity B. zero-sum game. C. Globalization D. absolute advantage E. comparative advantage
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