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Why is it difficult to estimate the prevalence of incest?
Production
A process that transforms resources into goods and services.
Absolute Advantage
The ability of a country, company, or individual to produce a good or service more efficiently than competitors using the same amount of resources.
Comparative Advantage
The ability of an individual, company, or country to produce a particular good or service at a lower marginal and opportunity cost over another.
Comparative Advantage
The ability of a country or firm to produce a particular good or service at a lower marginal cost and opportunity cost than its competitors.
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