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Stereotypes are
Comparative Advantage
The ability of a party (an individual, a firm, or a country) to produce a particular good or service at a lower opportunity cost compared to others.
Geegaws
Trinkets or small, flashy objects of little value; often used to denote cheap or kitschy items.
Comparative Advantage
The ability of an entity to produce a good or service at a lower opportunity cost than another entity.
Geegaws
Ornamental objects of no substantial value, often considered trinkets or gadgets.
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