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International trade
37 The learning curve describes the A) direct; unit cost; cumulative output B) inverse; education; annual income C) inverse;
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37. C) Inverse; unit cost; cumulative output

The learning curve describes the inverse relationship between cost and output over a period of time. As cost increases, output decreases and vice versa.

38. A) Intra−industry trade

Intra-industry trade is the exchange of similar products belonging to the same industry. Same types of goods or services are both imported and exported.

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