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Dwes regularly gets into trouble for his behavior, but when he messes up, he thinks, "It's their fault, not mine." Which is NOT an accurate assessment of Dwes?
Absolute Advantage
The ability of an individual, company, or country to produce a good or service more efficiently than competitors, using fewer resources.
Opportunity Cost
A different way to describe it would be the cost of missing out on the benefits of the second-best option when a choice is made.
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