Which of the Following Best Describes Comparative Advantage

question 30

Multiple Choice

Which of the following best describes comparative advantage?

• A)being able to produce more output than any other country
• B)using the fewest number of resources to produce a given amount of output
• C)forgoing the fewest units of one product to produce a unit of another product
• D)having the largest number of resources compared to other countries
• E)It is the same as absolute advantage.

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Definitions:

HRIS

Human Resources Information System, a digital solution for managing and automating many HR tasks from payroll to employee performance monitoring.

Intelligence System

A computer-based system that collects, analyzes, and presents information to aid in decision-making and strategic planning.

Online Recruiting

The process of using the Internet to actively seek out and recruit talented candidates for an organization's open positions.

Web-based HR

Refers to the use of online platforms and tools for managing human resources processes and activities, offering accessibility and efficiency improvements.