$\begin{array}{lcc}&One ~Nigerian~ Worker&One ~Romanian~ Worker\\Basketballs&10 & 4 \\ Barbie ~Dolls&20 & 6\end{array}$

question 183

Multiple Choice

$\begin{array}{lcc}&One ~Nigerian~ Worker&One ~Romanian~ Worker\\Basketballs&10 & 4 \\ Barbie ~Dolls&20 & 6\end{array}$
-Nigeria has an absolute advantage in the production of

• A)basketballs.
• B)Barbie dolls.
• C)both basketballs and Barbie dolls.
• D)neither basketballs nor Barbie dolls.

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Definitions:

Equivalent Interest Rate

A rate that reflects the actual annual cost of a loan or the earnings on an investment, taking into account the effect of compounding.

False Consensus Effect

A psychological bias where individuals believe their own viewpoints, actions, and behaviors are more common in the general population than they actually are.

Actors

Individuals who perform in stage plays, movies, television shows, or other productions, portraying characters.

Observers

Individuals who watch or notice something without directly participating in the action.