MATCHING Identify the Letter of the Choice That Best Matches the the Phrase

question 27

Multiple Choice

MATCHING
Identify the letter of the choice that best matches the phrase or definition.
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• A)event
• B)file
• C)function
• D)tag
• E)attribute

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Definitions:

Absolute Advantage

The capacity of a nation, person, or company to generate a greater quantity of a product or service than its rivals with an identical level of resources.

Trade

The exchange of goods, services, or both between parties, often involving the transfer of money.

Commodity

A basic good used in commerce that is interchangeable with other goods of the same type; commodities are often used as inputs in the production of other goods or services.

Comparative Advantage

The competency of a country, individual, corporation, or region to manufacture a good or provide a service at a reduced opportunity cost than that of its competition.