The Ability of One Producer to Produce One Good or Service

question 102

Multiple Choice

The ability of one producer to produce one good or service using fewer inputs than another producer is:

• A) comparative advantage.
• B) absolute advantage.
• C) opportunity cost.
• D) competition.

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Definitions:

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A component of the Japanese writing system, consisting of a set of syllabic symbols used for native Japanese words and grammatical elements.

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