menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Economics
  4. Exam
    Exam 8: Gains From Trade
  5. Question
    The Person Who Can Produce a Product Using the Fewest
Solved

The Person Who Can Produce a Product Using the Fewest

Question 143

Question 143

Multiple Choice

The person who can produce a product using the fewest inputs has _____ in that product.


A) a comparative advantage
B) an absolute advantage
C) market power
D) maximum profit

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q138: When resources are organized according to the

Q139: (Table: Time taken to clean). The table

Q140: (Table: Four individuals )The table lists the

Q141: People have different abilities for performing the

Q142: Barlow and Rusia own a nail salon.

Q144: Marius and Jennifer are going to sell

Q145: A person is said to have a

Q146: A knowledge problem exists when<br>A)a decision-maker refuses

Q147: (Table: Mugs and Baseballs) Use Table: Mugs

Q148: You have an absolute advantage in producing

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines