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Match the Options Below with the Correct Phrases

question 12

Multiple Choice

Match the options below with the correct phrases:
-scoreboarding


Definitions:

Absolute Advantage

An entity's capability to manufacture a good or render a service with greater efficiency and less resources compared to its competitors.

Rice

A staple food grain that is a primary food source for more than half of the world's population, known for its versatility and ability to be grown under varied agricultural conditions.

Fewer Inputs

Utilizing a smaller amount of resources or factors of production to achieve a particular output.

Specialization

A process wherein individuals or businesses focus on producing a limited range of goods or services to gain greater efficiency and productivity.

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