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Can a Country Gain Comparative Advantage in Some Product? Can

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Can a country gain comparative advantage in some product? Can a country lose that advantage?


Definitions:

T Statistic

A type of statistic that is calculated to compare the mean of a sample to a population mean in a t-test, taking into account the sample size and variability.

Hypotheses

Proposed explanations for a phenomenon, made as a starting point for further investigation.

Simple Linear Regression

A method for modeling the relationship between a single independent variable and a dependent variable by fitting a linear equation to observed data.

Least Squares

A mathematical method used to determine a line of best fit by minimizing the sum of squares of the distances between observed and predicted values.

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