Examlex
Events or stimuli which trigger a stress response are called _____________.
Comparative Advantage
The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than competitors.
Absolute Advantage
The ability of an entity to produce a good or service more efficiently than its competitors.
Comparative Advantage
An economic theory that describes how countries or individuals can gain by specializing in the production of goods and services for which they have a lower opportunity cost, leading to beneficial trade.
Absolute Advantage
The ability of a country or entity to produce a good more efficiently (using fewer resources) than another country or entity.
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