Which of the Following Is the Realistic Measure of What

question 46

Multiple Choice

Which of the following is the realistic measure of what an organization is likely to produce,not what it can produce?

• A)Practical capacity
• B)Normal capacity
• C)Ideal capacity
• D)Excess capacity

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Definitions:

Comparative Advantage

An economic theory that describes how entities can gain and benefit from trade if they produce goods and services at a lower opportunity cost than their trade partners.

National Defense

Governmental and military activities aimed at protecting the country and its citizens from external threats and maintaining territorial integrity.

Infant Industries

New or emerging industries in their early stages that may be protected by the government through subsidies or tariffs to help them grow.

Self-Sufficiency

The ability of an individual or economy to provide for all their needs without external assistance.