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Table 3-22
Assume that Zimbabwe and Portugal can switch between producing toothbrushes and producing hairbrushes at a constant rate.
-Refer to Table 3-22. Assume that Zimbabwe and Portugal each has 60 machine minutes available. Originally, each country divided its time equally between the production of toothbrushes and hairbrushes. Now, each country spends all its time producing the good in which it has a comparative advantage. As a result, the total output increased by
Vicarious Liability
A legal principle that holds one party liable for the actions of another, based on the relationship between the two parties.
Occupiers' Liability Act
Legislation governing the responsibility of property owners or occupiers to ensure the safety of individuals on their premises.
Negligence
A lack of the care expected from a person of average caution facing similar circumstances.
Self Defence
The right to prevent harm to oneself by using reasonable force, as permitted under the law.
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