Analogy: a Business Is to an EAP as __________ Is

question 118

Multiple Choice

Analogy: A business is to an EAP as __________ is to a MAP.

• A) a union
• B) the government
• C) a prison
• D) an outpatient treatment centre

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Definitions:

Exchange

The act of trading goods, services, currencies, or other items of value between parties.

Comparative Advantage

The ability of an individual or country to produce a good or service at a lower opportunity cost than competitors.

Production Possibilities Curve

A graph that shows the combinations of two goods that an economy can produce using all its resources efficiently.

Comparative Advantage

The capacity of a party to produce products or services with a lesser opportunity cost compared to others.