Examlex
Which statement is false?
Absolute Advantage
The capability of one entity to produce more of a good, product, or service with the same amount of resources than another.
Sweatshop Labor
Work done in very poor conditions for low pay, often in factories that make fast fashion, electronics, and other consumer goods.
Pauper Labor Fallacy
The incorrect belief that importing goods from countries with lower wage levels harms the economy of the importing country.
Opportunity Cost
Giving up the chance for gain from multiple possibilities by choosing a specific alternative.
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