Absolute Advantage Is the Ability of a Country to Produce

question 154

Multiple Choice

Absolute advantage is the ability of a country to produce a good with ________ than another country.

• A) a lower opportunity cost
• B) a higher opportunity cost
• C) fewer resources
• D) more resources

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Definitions:

Attitude Development

The process through which individuals form and change their perspectives, feelings, and beliefs about various topics or situations.

Determining Policy

The process of establishing guidelines, rules, or principles that dictate how an organization's affairs are managed.

Environmental Factors

Elements in the external surroundings that can influence an individual's behavior or an organization's performance.

Qualities of Individuals

The characteristics or attributes that define a person’s nature or make up.