Collectives Tend to

question 77

Multiple Choice

Collectives tend to

• A)be small,with less than 20 members.
• B)form slowly rather than rapidly.
• C)exist outside of traditional groups and social structures.
• D)adopt norms that restrict members' behaviors.
• E)clearly define who is in the group and who is not.

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Definitions:

Absolute Advantage

The ability of a country, individual, or firm to produce a greater quantity of a good, product, or service than competitors using the same amount of resources.

Comparative Advantage

Comparative advantage is an economic theory that describes how an entity can produce goods at a lower opportunity cost than another, leading to efficient trading and increased economic welfare.

Editing

The process of preparing written material by correcting, condensing, or modifying it for publication or presentation.

Typing

The act of inputting text into a device, such as a computer or a smartphone, by pressing keys or using a virtual keyboard.