Absolute Advantage Derives from Which of the Following

question 157

Multiple Choice

Absolute advantage derives from which of the following?

• A) the lowest cost production
• B) the most suitable climate
• C) the least expensive labor force
• D) the best educated labor force

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Definitions:

Communication Channel

The medium through which a message is transmitted from sender to receiver.

Conventional Promotion

Traditional methods of marketing or advertising, such as print ads, television commercials, or billboards.

Reactive

Characterized by actions or responses that occur as a result of external stimuli or events, rather than initiating change proactively.

Mobile Communication

The transmission of information over a distance without the use of wires or cables, typically through mobile devices like smartphones and tablets.