Briefly explain what is meant by each of the concepts


Problem

The effects of international trade on a country's development are often related to four basic economic concepts: efficiency, growth, equity, and stability. Briefly explain what is meant by each of these concepts as it relates to the theory of international trade.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Briefly explain what is meant by each of the concepts
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