Matching Definition Choices

question 21

Multiple Choice

Matching
Definition choices:
-Standards of Identity

• A)minimum requirements for tenderness, color, and freedom from defects in canned fruits and vegetables
• B)requirements for the type and amount of ingredients a food should contain in order to be labeled as that food
• C)a list of compounds that are exempt from the "food additive" definition based on "a reasonable certainty of no harm"
• D)requirements for the amount of raw product that must be put into a container before liquid is added
• E)civil court action to seize or confiscate a product that is defective, unsafe, filthy, or produced under unsanitary conditions

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Definitions:

Absolute Advantage

A situation in which a country, individual, or company can produce a good at a lower cost per unit than competitors.

Opportunity Cost

The price paid for not choosing the second-best option during decision-making.

Higher Opportunity Cost

The increased potential loss of choosing one option over another, indicating a sacrifice of higher value alternatives.

Absolute Advantage

The ability of a country, individual, company or region to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.