What Matters Most in Determining the Efficient Distribution of Production

question 6

Multiple Choice

What matters most in determining the efficient distribution of production over the world is:

• A) absolute advantage.
• B) efficiency.
• C) the allocation of resources.
• D) comparative advantage.

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Definitions:

Contract Frustration

A legal concept where a contract becomes impossible to fulfill due to unforeseen events, relieving the parties of their duties.

Contractual Obligation

A duty, promise, or performance that is legally binding under a contract.

Frustrated

Feeling upset or annoyed as a result of being unable to change or achieve something.

Performance

The accomplishment of a task or duty in accordance with a contract, including the delivery of goods or services.