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

question 215

Multiple Choice

$\begin{array}{lcc}&One ~Nigerian~ Worker&One ~Romanian~ Worker\\Basketballs&10 & 4 \\ Barbie ~Dolls&20 & 6\end{array}$
-Romania has a comparative 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:

Casualty Loss Deduction

A tax deduction for property losses as a result of a sudden, unexpected, or unusual event.

Federal Disaster Area

An area officially declared by the government to be in a state of emergency due to a disaster, affording affected individuals potential tax relief and other benefits.

Insurance Settlement

A financial payment made by an insurance company to a policyholder or claimant as a resolution for a filed claim against a policy.

Medical Expense

Expenses related to diagnosing, curing, mitigating, treating, or preventing illnesses, as well as for therapies that impact any body part or its functions.