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When One Country Can Produce All Goods at Less Cost

question 7

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When one country can produce all goods at less cost than another country, it has:


Definitions:

Artificial Intelligence

The programming of computer systems to simulate human thinking in solving problems and in making judgments and decisions.

Artificial Neural Networking

A computational model inspired by the structure and functions of biological neural networks, used in machine learning to simulate human brain operations.

Robotics

The branch of technology that deals with the design, construction, operation, and application of robots.

Algorithm

A step-by-step procedure or formula for solving a problem, often used in mathematical and computer applications.

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