Business

Business, 29.07.2019 22:00, zamawi17

"distinguish between an absolute advantage and a comparative advantage. cite an example of a country that has an absolute advantage and one with a comparative advantage.

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History, 28.06.2019 18:00, fernandoramirez086

Choose the statement that correctly explains absolute advantage or comparative advantage. a) absolute advantage is the ability of a nation or region to produce more of a certain product than another country or region. b) one country can have a comparative advantage over another country with some products, and an absolute advantage over that same country in another product. c) the country of joetopia produces 4 billion gallons of cola, while the country of amystan makes 400 million gallons of soda. joetopia has an absolute advantage. d)lana can bake 10 cakes in 8 hours, while lenny can bake 4 cakes in 8 hours. lenny has an absolute advantage in making cakes. e)the country of rockonya makes 1 television every 5 hours and 1 car every 20 hours, while the country of jamonia makes 1 television every 24 hours and 1 car every 12 hours. rockonya has a comparative advantage in making televisions.

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Social Studies, 20.07.2019 13:30, Stevencriollo6330

What kind of advantage does a country have if it can make a product more inexpensively? a. an import advantage b. an export advantage c. a comparative advantage d. an absolute advantage

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Business, 14.09.2019 06:30, danielanderson12

Answer asap! what kind of advantage does a country have if it can make a product more inexpensively? an import advantage.an export advantage.a comparative advantage.an absolute advantage.

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Social Studies, 06.10.2019 17:20, ctyrector

Read the following scenario and determine who has the absolute advantage and who has the comparative advantage. ruth and sam are roommates. ruth is not only an amazing chef, but she's also exceptionally fast at cleaning. however, ruth is always too tired after cleaning to cook. sam, on the other hand, is a mess in the kitchen, and while she can clean speedily, can't clean as fast as ruth. however, she can often get the cleaning done in the time it takes ruth to cook a meal. a. ruth has an absolute advantage in cleaning, and sam has an absolute advantage in cooking. b. ruth has an absolute advantage in both cleaning and cooking, but sam has a comparative advantage in cleaning. c. sam has a comparative advantage in cleaning, and ruth has a comparative advantage in cooking. d. sam has a comparative advantage in cooking, and ruth has a comparative advantage in cleaning.

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