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Economics - Financial Markets
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Worker hours to produce one barrel of crude oil Worker hours to produce one ton of coal United States Developed 4 5 Country A Developing 6 5 Country B Developed 7 3 Using the chart, identify an example of absolute advantage for the United States over either Country A or Country B. Be sure to identify the product and the country. Explain how the availability and use of a natural resource may impact advantage.
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