Lesson 1 Activity 1

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Lesson 1: Introduction to Economics

Activity 2

CHEESE Chocolate
(Units) (Units)
Country A 10 20

Country B 4 16

1. Which country has an absolute advantage in terms of producing products? Why?


2. Which country has the low opportunity cost in producing chocolates? Why?
3. Which country has the low opportunity cost in producing cheese? Why?

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