A(n)_____ Exists When a Country Is the Most Efficient Producer

question 52

Multiple Choice

A(n) _____ exists when a country is the most efficient producer of an item.

• A)comparative advantage
• B)comparative disadvantage
• C)absolute advantage
• D)absolute disadvantage
• E)domestic advantage

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Definitions:

Future Role

Anticipated or envisioned function, responsibilities, or position of an individual or entity within a future timeframe.

Competencies

Skills, behaviors, and knowledge that are required for an employee to perform a job successfully.

Development

The process of growth, progress, or improvement in an individual, organization, society, or physical project.

Determine Resources

The process of identifying and assessing the materials, finances, personnel, and time needed to achieve an objective or carry out a project.