Select the Best Word or Words for the Blank in the Following

question 55

Multiple Choice

Select the best word or words for the blank in the following sentence.
Spanish tortilla de patatas (_______, omelette with potatoes) is delicious and very easy to make.

• A)i)g.
• B)e)g.
• C)i)e.
• D)e)i.

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Definitions:

Opportunity Cost

is the value of the next best alternative forgone as a result of making a particular choice, highlighting the trade-offs in decision-making.

Absolute Advantage

The ability of a country or individual to produce a good or service more efficiently than others, using fewer resources.

Terms Of Trade

How much of one good exchanges for a unit of another good.

Comparative Advantage

The ability of a country or entity to produce a particular good or service at a lower opportunity cost than others, leading to more efficient international trade.