_______________ _____________ Are Individuals Who Have Taken on the Responsibilities

question 43

Short Answer

_______________ _____________ are individuals who have taken on the responsibilities of parents.

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Definitions:

Comparative Advantage

The knack of entities, whether they are people, companies, or countries, to bring forth goods or services at opportunity costs that undercut those of competitors.

Opportunity Costs

Opportunity Costs represent the benefits that are foregone by choosing one option over an alternative one.

Specialization

The focus by an individual, firm, or country on producing a limited range of goods or services, often to improve efficiency and productivity.