The Ability to Produce a Good or Service at a Lower

question 185

Multiple Choice

The ability to produce a good or service at a lower opportunity cost than other producers is

• A) absolute advantage.
• B) comparative advantage.
• C) opportunity advantage.
• D) special advantage.

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Definitions:

Equal Employment

Equal Employment is the principle of providing all individuals with equal opportunities in hiring, advancement, and professional development, without discrimination.

Opportunity Commission

Often relates to government or organizational bodies that aim to promote equal opportunity in employment and beyond.

Title VII

Part of the Civil Rights Act of 1964 in the United States, prohibiting employment discrimination based on race, color, religion, sex, or national origin.

Uniformed Services

The various organizations where members are required to wear a prescribed uniform, including military branches and other government service branches.