Examlex

Solved

In Canada,the Average Age at First Marriage Is Around 29

question 103

True/False

In Canada,the average age at first marriage is around 29 years for women and 31 years for men.


Definitions:

Comparative Advantage

A theory that suggests a country should specialize in producing and exporting goods and services for which it has the lowest opportunity cost.

Resources

Land, labor, capital, and entrepreneurial ability used to produce goods and services.

Comparative Advantage

The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than competitors, leading to specialized production and trade.

Absolute Advantage

A situation in which a country, individual, or company can produce a good at a lower cost per unit than competitors.

Related Questions