To Say That an Individual Possesses an Absolute Advantage in the Production

question 36

Multiple Choice

To say that an individual possesses an absolute advantage in the production of software means that individual:

• A) has a lower opportunity cost of producing software.
• B) can produce more and/or higher quality software in a given amount of time.
• C) was the first to create the software.
• D) charges the lowest price for software.

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Definitions:

Senate

A legislative or governing body, often part of a bicameral system, responsible for making and passing laws.

Identification

The process or result of recognizing and validating the identity of a person or object.

Vulnerable

A state of being open to harm, damage, or attack due to various factors such as age, health, or position.

Change

The act or result of making something different, often used in the context of making modifications to contracts, policies, or physical items.