Absolute Advantage Is Defined As

question 298

Multiple Choice

Absolute advantage is defined as:

• A) goods and services are produced at their lowest resource (opportunity)cost.
• B) the mix of goods and services produced is just what the society desires.
• C) one country has a lower opportunity cost of producing a good than another country.
• D) one country can produce more of a good than another country.

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Definitions:

Secure

The condition of being protected from or not exposed to danger, risk, or anxiety; having a sense of safety.

Subordinates

Individuals who are lower in rank or position in an organizational hierarchy and typically report to someone with higher authority.

Stir Up

To provoke or evoke a reaction, emotion, or movement.

Systems Theory

An interdisciplinary theory about the nature of complex systems in nature, society, and science, aiming to understand how such systems function and adapt.