absolute advantage  an advantage derived from one country having a lower absolute input cost of producing a particular good than another country
comparative advantage  the ability to produce a good or service at a lower opportunity cost than someone else
export supply curve  a curve showing the relationship between the world price of a good and the amount that a country will export
import demand curve  a curve showing the relationship between the world price of a good and the amount that a country will import
intraindustry trade  the simultaneous import and export of goods in the same industry by a particular country
terms of trade  the amount of exports that must be exchanged for some amount of imports
terms of trade  the amount of exports that must be exchanged for some amount of imports