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Globalization and global trade have led to increased competition in world markets and increased efficient allocation of scarce resources.
Is it accurate to say that this is contributing to increased consumer surplus and reductions in inflationary pressures?
If yes, how (explain using economic concepts and terms how it is occurring)?
The owners of a small manufacturing concern have hired a manager to run the company with the expectation that (s) he will buy the company after five years. The goal of the own
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