The Economy That Has the Lowest Cost for Producing a Particular

question 102

Multiple Choice

The economy that has the lowest cost for producing a particular good is said to have:

• A)a technological advantage.
• B)a comparative advantage.
• C)a production possibility frontier.
• D)an increasing opportunity cost.

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Definitions:

Legend

A key or explanatory list of symbols and colors used in maps, charts, or diagrams to help users interpret the information presented.

Title

The name given to a book, composition, or other artistic work to reflect its subject matter, theme, or significance.

Chart Style

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Animation

The process of designing, drawing, making layouts, and photographing successive frames of a series of images to create an illusion of movement.