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

---

Definitions:

Life Expectancy

The average period that an organism, individual, or object is expected to live or function.

Target-date

A mutual fund or retirement portfolio that automatically shifts towards more conservative investments as the target date (usually retirement) approaches.

Retirement Funds

Retirement funds are financial plans that allow individuals to save money for their retirement years, typically consisting of a mix of stocks, bonds, and other assets.