Which Statement Best Describes Absolute Advantage

question 124

Multiple Choice

Which statement best describes absolute advantage?

• A) DiNozzo has an absolute advantage in the production of wooden boats.
• B) DiNozzo has an absolute advantage in both.
• C) Gibbs has an absolute advantage in solving crimes,whereas DiNozzo has an absolute advantage in making wooden boats.
• D) Gibbs has an absolute advantage in both.
• E) Gibbs has an absolute advantage in making wooden boats,whereas DiNozzo has an absolute advantage in solving crimes.

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Definitions:

Unrealized Profits

Profits that have been earned on paper through an investment's increased value but have not yet been realized through a sale.

After-Tax Dollar Value

The net value of an investment or income after all applicable taxes have been subtracted.

Tax Rate

The percentage at which an individual or corporation is taxed by the government on income or profits.

Dividends Received

Income payments received by shareholders from their investments in the form of dividends from corporations.