On the Federal Reserve Education website, find the definition of 'Absolute advantage' in the Glossary and identify its 'Related Resource'. Additionally, explore the 'Professional Development' section to list the types of credentials or recognitions offered through 'Self Guided Training' programs.
Navigate to the 'Glossary' section. Locate and extract the definition of 'Absolute advantage'. Identify and extract the title of the 'Related Resource' linked to 'Absolute advantage'. Navigate to the 'Professional Development' section. Under 'Self Guided Training', identify and list the available types of credentials or recognitions.
The definition of 'Absolute advantage' is correctly identified as: 'The ability to produce more of a good or service than another producer using the same amount of resources as that producer.' The 'Related Resource' for 'Absolute advantage' is identified as 'Comparative Advantage: Trading Brownies and Pizza'. The three types of professional development credentials/recognitions are listed as 'Graduate Credit', 'FRB Professional Development Certificate', and 'Digital Badge Programs'.