MATCHING Identify the Letter of the Choice That Best Matches the the Phrase

question 4

Multiple Choice

MATCHING
Identify the letter of the choice that best matches the phrase or definition.
-The standard audio file format developed by Apple

• A)AIFF
• B)MP3
• C)AVI
• D)QuickTime
• E)AU
• F)MP4
• G)WAV
• H)Windows Media
• I)RealAudio
• J)Flash Video

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Definitions:

Comparative Advantage

Comparative advantage refers to the ability of an entity to produce a good or service at a lower opportunity cost compared to others.

Production

The process of creating goods or services by combining various resources like labor, materials, and technology.

Feasible Terms

Conditions or criteria that can be realistically achieved or met in a particular context or agreement.

Production Possibilities

The different combinations of goods and services that a society can produce given its available resources and technology.