Earth Once Consisted of a Single Large Landmass and One

question 52

Multiple Choice

Earth once consisted of a single large landmass and one ocean.The ocean is named:

• A)Pangaea
• B)Laurasia
• C)Gondwana
• D)Oceana
• E)Panthalassa

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Definitions:

Comparative Advantage

The ability of a country or firm to produce a certain good or service at a lower opportunity cost than others, leading to more efficient trade possibilities.

Absolute Advantage

The ability of a country or entity to produce a good or service more efficiently than its competitors, leading to greater output with the same input of resources.

Comparative Advantage

The ability of an entity to produce a good at a lower opportunity cost than another, leading to potential trade benefits.

Loads

Charges or fees that investors pay when buying or selling mutual funds, often used to compensate sales intermediaries.