Absolute Advantage Is

question 47

Multiple Choice

Absolute advantage is

• A) the ability to produce more output from given inputs than another producer can.
• B) the ability to produce a good at a lower opportunity cost than other producers.
• C) is always a relative concept.
• D) the ability to produce all goods at lower costs than anyone else can.

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Definitions:

Genetic Drift

A mechanism of evolution involving random changes in the frequency of alleles within a population over time, not necessarily driven by natural selection.

Gene Flow

The transfer of genetic variation from one population to another, which can lead to changes in the genetic composition of populations.

Sickle-Cell Anemia

A genetic blood disorder causing red blood cells to assume a sickle shape, leading to various health complications.

Hemoglobin

The protein that carries oxygen in red blood cells.