As Long as People Have Different _____,Everyone Has a Comparative

question 129

Multiple Choice

As long as people have different _____,everyone has a comparative advantage in something.

• A)direct costs
• B)benefits
• C)utility
• D)opportunity costs

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Definitions:

Z-score

A statistical measure that indicates the number of standard deviations a data point is from the mean.

Normal Random Variable

A random variable that has a distribution defined by a normal curve, characterized by its mean and variance.

Mean

A measure of central tendency calculated by dividing the sum of all values in a dataset by the number of values.

Standard Normal Random Variable

A normal distribution with a mean of 0 and standard deviation of 1, used as a reference to determine probabilities for normal distributions.