Examlex

Solved

Which Has the Better Success Rate-Dating Facilitated by a Web

question 17

Multiple Choice

Which has the better success rate-dating facilitated by a Web site or being set up by family or friends?


Definitions:

Production Possibilities

A graphical representation of the maximum number and combinations of goods and services that can be produced from a fixed set of resources.

Absolute Advantage

A situation where a country, individual, or firm can produce more of a good or service with the same amount of resources compared to other entities.

Specialize

When individuals or businesses focus on producing a limited range of goods or services to increase efficiency and output quality.

Comparative Advantage

Being able to manufacture a good or provide a service with a smaller opportunity cost than that of competing individuals, companies, or nations.

Related Questions