________ Is the Ability of an Individual, a Firm, or a Country

question 82

Multiple Choice

________ is the ability of an individual, a firm, or a country to produce a good or service at a lower opportunity cost than competitors.

• A)Absolute advantage
• B)Specialization
• C)Autarky
• D)Comparative advantage

---

Definitions:

Reproductive Stage

The phase in an organism's life cycle in which it can produce offspring, involving processes such as mating, fertilization, and gestation.

Infant Mortality Rate

The number of deaths of infants under one year old per 1,000 live births in a given year, a critical indicator of public health.

World's Income

The total earnings or output produced globally, comprising the aggregate income of all individuals, companies, and countries worldwide.

Women

A term used to refer to adult human females, often within the context of societal, cultural, or biological discussions.