CHAPTER REVIEW

KEY CONCEPTS

Match each of the terms on the left with its definition on the right. Click on the term first and then click on the matching definition. As you match them correctly they will move to the bottom of the activity.

Question

absolute advantage
production possibilities frontier
comparative advantage
The ability to produce the same good using fewer inputs than another producer.
The ability to produce a good or service at a lower opportunity cost than another producer.
All the combinations of goods that a country can produce given its productivity and supply of inputs.
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