An Individual Has an Absolute Advantage in Producing Pizzas If

question 78

Multiple Choice

An individual has an absolute advantage in producing pizzas if that individual:

• A)has a lower opportunity cost of producing pizzas than anyone else.
• B)can produce more pizzas in a given amount of time than anyone else.
• C)has a higher opportunity cost of producing pizzas than anyone else.
• D)charges the lowest price for pizzas.

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Definitions:

Potential

The inherent ability or capacity for growth, development, or future success.

Maslow

Refers to Abraham Maslow, a psychologist known for creating Maslow's hierarchy of needs, a theory in psychology regarding human motivation and personal growth.

Humanistic Theory

A psychological perspective that emphasizes individual potential for growth and the importance of self-actualization, empathy, and unconditional positive regard in therapy.

Psychological Health

A condition of good health where a person recognizes their own capabilities, manages everyday stress effectively, contributes positively to society, and maintains productive work.