If Elaine Can Produce More Output from a Set Amount

question 66

Multiple Choice

If Elaine can produce more output from a set amount of resources than Jerry can,you know that:

• A) Elaine has a comparative advantage.
• B) Jerry has a comparative advantage.
• C) Elaine has an absolute advantage.
• D) Jerry has an absolute advantage.
• E) Elaine has a normative advantage.

---

Definitions:

European Union

A political and economic union of 27 European countries that participate in a single market allowing free movement of goods, services, capital, and people.

Data Privacy

The aspect of information technology that deals with the ability an organization or individual has to determine what data in a computer system can be shared with third parties.

Website Owners

Individuals or entities who are responsible for the management, content, and operation of a website.

Intellectual Property

represents a range of intangible rights owning to the creations of the mind, such as inventions, literary and artistic works, designs, symbols, names, and images.