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Absolute advantage in the production

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The table below shows the number of umbrellas and bushels of corn produced in the United Kingdom and the rest of the world per labor hour. The rest of the world has an absolute advantage in the production of

Productivity

In the United Kingdom

In the Rest of the World

Umbrellas per labor hour

0.25

1.00

Bushels of corn per labor hour

0.50

0.67

Reference no: EM133130252

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