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Ellie and Brendan Both Produce Apple Pies and Vanilla Ice

question 10

True/False

Ellie and Brendan both produce apple pies and vanilla ice cream. If Ellie's opportunity cost of one apple pie is 1/2 gallon of ice cream and Brendan's opportunity cost of one apple pie is 1/4 gallon of ice cream, Ellie has a comparative advantage in the production of ice cream.


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Great Fire

A large and destructive fire that has occurred in various historical contexts, often resulting in significant loss of life, property, and cultural heritage.

Palace

A grand residence, especially one that is the official home of a royalty, president, or other dignitaries.

Periclean Athens

The period in Ancient Greek history during the leadership of Pericles, noted for its political democracy, cultural achievements, and building projects.

Augustus

Latin, “majestic” or “exalted.”

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