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

Milo Reynolds

11 February, 10:38

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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Answers (2)

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Atticus · 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.

Brayan Jenkins · Answer 2

Hey there

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