The Sum of All the Scores Divided by the Total

question 46

Short Answer

The sum of all the scores divided by the total number of scores is called the ______.(NOT "average." Give the more precise term.)​

---

Definitions:

Production

A process that transforms resources into goods and services.

Absolute Advantage

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

Comparative Advantage

The ability of an individual, company, or country to produce a particular good or service at a lower marginal and opportunity cost over another.

Comparative Advantage

The ability of a country or firm to produce a particular good or service at a lower marginal cost and opportunity cost than its competitors.