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Instructions: Please use this outline map of Europe to answer the question(s).
-For students who took the first half of Western Civilization: explain the connections between ancient Greco-Roman culture and the Scientific Revolution.
Opportunity Cost
The cost of forgoing the next best alternative when making a decision or choosing a particular course of action.
Comparative Advantage
The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than competitors, leading to more efficient global production patterns.
Specialize
The process of focusing efforts and resources on a narrow area of expertise to increase efficiency and proficiency.
Comparative Advantage
The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than competitors.
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