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Trade is only beneficial if a nation has an absolute advantage in producing all products.
Marginal Product
The additional output resulting from the use of one more unit of a production input.
Newly Built Homes
Houses that have been recently constructed and are ready for occupancy, often indicating new developments in housing markets.
Construction Workers
Laborers specifically trained to work on construction sites, handling various tasks from basic site preparation to finishing work.
Derived Demand
Derived demand occurs when the demand for a good or service arises from the demand for another good or service.
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