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In 1956, the Soviet Leader Nikita Khrushchev (1894-1971) Criticized

question 43

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In 1956, the Soviet leader Nikita Khrushchev (1894-1971) criticized


Definitions:

Absolute Advantage

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

Opportunity Cost

A different way to describe it would be the cost of missing out on the benefits of the second-best option when a choice is made.

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