Absolute Advantage Is the Ability to Produce a Specific Product

question 6

Multiple Choice

Absolute advantage is the ability to produce a specific product more efficiently than any other country. Canada has an absolute advantage in which of the following?

• A) oranges
• B) wheat
• C) water
• D) copper

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Definitions:

Hispanic-Owned Businesses

Enterprises owned and operated by individuals of Hispanic heritage, contributing to the economic diversity and development.

Annual Revenue

The total amount of income generated by a company from its activities over a year before any costs or expenses are deducted.

Crediting Purposes

The act of acknowledging someone's contribution or work, often for the purpose of assigning merit or recognition.

Employees

Individuals who work for a business or organization and typically receive compensation in the form of wages or salary.