The term a) efficiency b) opportunity c) production d) cost, often used in conjunction with absolute advantage, is defined as making the best use of resources.

Question

Social Studies

Bender

28 February, 23:30

The term a) efficiency b) opportunity c) production d) cost, often used in conjunction with absolute advantage, is defined as making the best use of resources.

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Pablo Galvan · Answer 1

I would say a) efficiency

this is the definition. he ability of an individual or group to carry out a particular economic activity more efficiently than another individual or group.

Shamar Richards · Answer 2

Hey there

The term efficiency, is often used in conjunction with absolute advantage, is defined as making the best use of resources.