Examlex
Which of the following is NOT a benefit of a dominance hierarchy?
Comparative Advantage
An economic theory that explains how countries or entities can gain by specializing in the production of goods and services they can produce more efficiently than others and trading for those they produce less efficiently.
Productivity
The measure of the efficiency of production, often quantified as the ratio of output to inputs used in the production process.
Opportunity Costs
The cost of an alternative that must be forgone in order to pursue a certain action; essentially, the benefits you could have received by taking an alternative action.
Produced Goods
Produced goods are items that have been manufactured or processed from raw materials, ready for sale or distribution.
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