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Keri E Hennessee
on Oct 12, 2024

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Nigeria has an absolute advantage in the production of

A) basketballs.
B) Barbie dolls.
C) both basketballs and Barbie dolls.
D) neither basketballs nor Barbie dolls.

Absolute Advantage

The ability of a country, company, or individual to produce a good or provide a service more efficiently than competitors, using the same amount of resources.

Nigerian Worker

An individual from Nigeria who is engaged in employment or labor activities, contributing to the country's economy.

Romanian Worker

A term referring to an individual from Romania who is engaged in employment activities, either within Romania or abroad.

  • Understand the principles of absolute and comparative advantage in international trade.
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Satnam SinghOct 13, 2024
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