Examlex
SELECT ALL THAT APPLY.
-Which of the following coincide in a normal distribution?
Technological Capabilities
The skills, knowledge, tools, and processes available to an individual, organization, or society that enable technological developments or innovations.
Comparative Advantage
The capacity of a person, business, or nation to create a product or offer a service at a reduced opportunity cost compared to their rivals, thereby gaining specialized production and advantages in trade.
Production Possibilities
The different quantities of goods that an economy can produce with a certain set of resources and technology.
Natural-Resource Abundant
Refers to countries or regions possessing significant amounts of valuable natural resources, such as minerals, oil, or fertile land, which can contribute to their economic growth and development.
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