Match the Meanings with Their Correct Terms

question 119

Multiple Choice

Match the meanings with their correct terms.

-Fibula

• A)collarbone
• B)larger of the two lower leg bones
• C)upper part of the hip bone
• D)forearm bone (little finger side)
• E)condition of anterior curvature of the spine
• F)the elbow
• G)sac of fluid near joints
• H)the shaft of a long bone
• I)a foot bone
• J)smaller of the two leg bones

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Definitions:

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.

Two Goods

A scenario in economics discussing the trade-off or choice between two different products or commodities.

Specialization

The process in which individuals or entities focus on a narrow area of expertise or production, leading to increased efficiency and productivity.

Absolute Advantage

Absolute advantage refers to the ability of a country, company, or individual to produce a good or service more efficiently than competitors, using the same amount of resources.