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The false vocal cords
Absolute Advantage
The ability of a country, individual, or group to produce a good or service more efficiently than competitors, using fewer resources.
Microchips
Small semiconductor devices that contain electrical circuits capable of processing data or controlling devices and processes.
Comparative Advantage
A principle of economics that allows an entity to produce a good or perform a service at a lower opportunity cost than its competitors.
Microchips
Microchips are small semiconductor devices containing integrated circuits used in a wide range of electronic devices to perform computational or control functions.
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