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TABLE 1.1
Use the information in the table to answer the following question(s) .
-Refer to Table 1.1. Austria has a larger relative advantage over Russia in the production of ________ at a ratio of ________.
Market Risk
The risk of losses in investments due to factors that affect the entire market, such as economic changes or political events.
Economic Events
Various incidents or transactions that may affect a country's economy, including government policies, market movements, and natural disasters, which can influence financial markets and economic health.
Probability Distribution
A function in mathematics that supplies the likelihoods of various potential outcomes of an experiment.
Standard Deviation
A measure of the amount of variation or dispersion of a set of values, used in statistics and finance to measure risk or volatility.
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