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Table 3-27
Assume that Huang and Min can switch between producing parasols and producing porcelain plates at a constant rate.
-Refer to Table 3-27. Assume that Huang and Min each has 36 labor hours available. Originally, each person divided his/her time equally between the production of parasols and plates. Now, each person spends all their time producing the good in which they have a comparative advantage. As a result, the total output of plates increased by
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Siamese Twin Companies
Pairs of companies, often resulting from a demerger, whose shares are technically inseparable and therefore trade together on stock exchanges.
Incorrect Pricing
A situation where securities are valued incorrectly by the market, potentially offering opportunities for profit.
Representativeness Bias
The tendency to believe that a small sample is reliably representative of a broad population and therefore to infer patterns too quickly.
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