Examlex
Simplify and write with positive exponents only.
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Pauper Labor Fallacy
The incorrect assumption that lower production costs in countries with cheaper labor will always harm the economy of wealthier countries by taking away jobs.
Comparative Advantage
The ability of an individual or country to produce a certain good or service at a lower opportunity cost than others.
Absolute Advantage
The ability of an individual, company, or country to produce a good or service at a lower cost per unit than competitors.
Computers
Electronic devices capable of executing a set of instructions to perform a vast array of tasks, from basic calculations to complex data processing and analysis.
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