Examlex
Don can produce 10 pens or 20 pencils in 1 hour while Bob can produce 15 pens or 5 pencils in 1 hour.Which statement best describes Don's comparative advantage?
OPEC Countries
Nations that are members of the Organization of the Petroleum Exporting Countries, known for their significant role in global oil production and prices.
Technological Advance
The progress in scientific research and development leading to new inventions or improvements in technology that can increase productivity and economic growth.
Demand
The willingness and ability of consumers to purchase goods and services at various prices during a certain period.
Ice Cream Cones
A sweet, frozen dessert typically made with dairy products and served in a cone, popular in many cultures around the world.
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