John Has an Intense Soccer Practice Coming Up and Has

question 8

Multiple Choice

John has an intense soccer practice coming up and has asked you what he can drink in order to stay hydrated and energized during practice.What would you suggest?

• A)Very cold orange juice
• B)Orange juice diluted 1:2 with water
• C)Red Bull energy drinks
• D)Diet or regular cola
• E)Plain water

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Definitions:

Absolute Advantage

A concept in international trade theory that occurs when a country can produce a good more efficiently and at a lower cost than another country.

Domestic Advantage

The competitive edge a company gains by operating within its home country, benefiting from familiar market conditions and regulations.

Comparative Advantage

The ability of a country, individual, company, or region to produce a good or service at a lower opportunity cost than its competitors.