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Which measure of central tendency can be used for both numerical and categorical variables?
Comparative Advantage
The ability of an entity to produce a good or service at a lower opportunity cost compared to another entity, enhancing the efficiency of global resource allocation.
Production Possibilities
The various combinations of goods and services that an economy can produce given its technological capabilities and available resources.
Italia
The Italian name for Italy, a European country known for its rich history, culture, and significant contributions to art, cuisine, and fashion.
Comparative Advantage
The ability of a country, individual, or company to produce a specific good or service at a lower opportunity cost than others.
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