________ Is the Ability of an Individual, a Firm, or a Country

question 82

Multiple Choice

________ is the ability of an individual, a firm, or a country to produce a good or service at a lower opportunity cost than competitors.

• A)Absolute advantage
• B)Specialization
• C)Autarky
• D)Comparative advantage

---

Definitions:

Shielded

Protected or safeguarded from potential harm or interference.

Inferred

Something concluded or deduced based on evidence and reasoning rather than explicit statements.

Inventory

The total amount of goods and materials held by a business for the purpose of resale or production.

Contradict

to assert the opposite of a statement made by someone, implying disagreement or denial.