Absolute advantage is
A) the ability to produce a good or service at a higher opportunity cost than one's competitors.
B) the ability to produce more of a good or service than competitors that have fewer resources.
C) the ability to produce more of a good or service than competitors when using the same amount of resources.
D) the ability to produce higher quality goods compared to one's competitors.
C
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The coefficient of determination is the proportion of the variation that is not explained by the regression model
Indicate whether the statement is true or false
By the 1830s, young women and children
(a) were a very important portion of the industrial work force, about 40%. (b) were a minor portion of the industrial work force, about 10%. (c) were a moderate portion of the industrial work force, about 25%. (d) were not a part of the "industrial" work force because legislation forbade it in order to protect young women and children.