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1. Your household chore: Explanation: 2. Your household chore: Explanation: 3. Explain absolute advantage. Give an example. 4. Do you have an absolute or comparative

1. Your household chore:

Explanation:

2. Your household chore:

Explanation:

3. Explain absolute advantage. Give an example.

4. Do you have an absolute or comparative advantage in doing something over someone else? Explain.

5. Explain why countries engage in commercial trade. Provide an example.

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