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It Is Possible for One Person to Have an Absolute

question 14

True/False

It is possible for one person to have an absolute advantage in something even if she has no comparative advantage in anything.


Definitions:

Taft-Hartley Act

A 1947 federal law in the United States that restricts the activities and power of labor unions.

National Industrial Recovery Act

A 1933 U.S. legislation aimed at economic recovery during the Great Depression, which sought to stimulate industrial production and improve labor conditions.

National Industrial Recovery Act

A law enacted in 1933 as part of the New Deal to stimulate economic recovery by regulating industry, promoting fair wages and working hours, and encouraging collective bargaining for workers.

Right to Work Laws

Legislation that prohibits compulsory union membership or the requirement to pay union dues as a condition of employment in certain areas.

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