First Sentence:
While several specialistic fields of economics have been developed as distinct branches of general economic theory only in relatively recent times, the presence of a specific treatment of the theory of international economic transactions is an old and consolidated tradition in the economic literature.
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Key Phrases - Statistically Improbable Phrases (SIPs):
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new efficiency locus, unit real reward, world transformation curve, isoincome line, optimum input combinations, import axis, unchanged relative price, extractive boom, capital abundant relative, domestic price ratio, appropriate relative price, offer curve, domestic relative price, simple closed economy, commodity price ratio, scalar uncertainty, persistent dumping, more abundant factor, domestic excess demand, international factor mobility, free trade situation, immiserizing growth, two final goods, neutral technical progress, equilibrium price ratio
Key Phrases - Capitalized Phrases (CAPs):
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United States, Capital Theory, Economic Dynamics, European Union, World Trade Organization, Heckscher Ohlin, References Allen, The Theory of International Values, Identical Commodities, Macro-Economy Theory, Microeconomic Analysis, Oligopolistic Competition, Structure of Protection, The Economics of Trade Protection, The Effects of the Tokyo Round, Three Topics
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