The Ability of a Firm or Country to Produce a Good

question 173

True/False

The ability of a firm or country to produce a good or service at a lower opportunity cost than other producers is called absolute advantage.

---

Definitions:

Humerus

The long bone in the upper arm that runs from the shoulder to the elbow.

Teres Major

A muscle in the upper arm, which helps in the rotation and adduction of the shoulder.

Supraspinatus

A muscle situated on the upper part of the back that assists in the abduction of the arm.

Abducts

Refers to the movement of a limb or other part away from the midline of the body or from another part.