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

Valeria Dorsey

Social Studies

7 October, 13:19

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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Makena Zuniga · Answer 1

Hey there

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

Jamir Ward · Answer 2

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.