Absolute Advantage Derives from Which of the Following

question 20

Multiple Choice

Absolute advantage derives from which of the following?

• A) the lowest cost of production
• B) the most suitable climate
• C) the least expensive labor force
• D) the best educated labor force

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Definitions:

Native People

Indigenous populations originally inhabiting a particular region, possessing unique cultures, traditions, and often experiencing impacts from colonization and modern development.

Land

The solid part of the earth's surface that is not covered by water, encompassing various terrain and ecosystems.

Soil's Nutrients

Essential minerals and compounds in the soil that support plant growth and health, including nitrogen, phosphorus, and potassium.

Depleted

A state of significant reduction in quantity or energy level, often referring to resources like minerals, fossil fuels, or other natural reserves that have been heavily consumed.