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Instructions: Select the Letter of the Answer That Correctly Identifies

question 91

Multiple Choice

Instructions: Select the letter of the answer that correctly identifies each type of prewriting. The prewriting below is an example of The Internet I use the Internet a lot and so do my friends. Communicating with each other, e-mail, Facebook posts. My friend Renee usually on her computer for several hours every night. I use the Internet to look up information weather, news. Great for making travel plans like plane tickets or hotel reservations. But the danger of putting in your credit-card numbers. Sometimes I search for information about different topics that interest me. Love online shopping and watching YouTube videos.


Definitions:

Consumption

Consumption is the action or process of using goods and services to satisfy needs or wants, representing a primary concept in economics related to consumer behavior.

Absolute Advantage

Situation in which Country 1 has an advantage over Country 2 in producing a good because the cost of producing the good in 1 is lower than the cost of producing it in 2.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than another entity, leading to potential gains from trade.

Production Relationships

The connections between various factors of production, including labor, capital, and technology, and how they influence the output of goods and services.

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