Social Studies
Social Studies, 04.05.2021 16:50, math1325

What is the difference between absolute advantage and comparative advantage? Absolute advantage is the ability to produce a good or a service at a lower production cost than competitors. Comparative advantage is the ability to produce a good or service at a lower opportunity cost than competitors.
Absolute advantage is the ability to produce a good or a service at a lower opportunity cost than competitors. Comparative advantage is the ability to produce a good or service at a lower production cost than competitors.
Absolute advantage is the ability to sell a good or a service at a lower price than competitors. Comparative advantage is the ability to sell a good or service at a higher price than competitors.
Absolute advantage is the ability to sell a good or a service at a higher price than competitors. Comparative advantage is the ability to sell a good or service at a lower price than competitors.

The answer is A. Absolute advantage is the ability to produce a good or a service at a lower production cost than competitors. Comparative advantage is the ability to produce a good or service at a lower opportunity cost than competitors.

answer
Answers: 1

Other questions on the subject: Social Studies

image
Social Studies, 22.06.2019 13:00, rosie20052019
Segregation or discriminatory practices that occur even when there is no explicit legal enforcement
Answers: 2
image
Social Studies, 23.06.2019 05:00, rebtav
The industrial revolution began in great britain for a number of reasons. two advantages great britain had which were necessary for industrialization were a. raw materials and a large workforce. b. unstable politics and a small landmass. c. abundant land and a small population. d. private wealth and a strong military.
Answers: 2
image
Social Studies, 23.06.2019 13:00, sam57884
Based on what you read in the fact sheet, identify the type of customer the company is hoping to reach. super-phonic systems wants to sell phones to customers who:
Answers: 2
image
Social Studies, 23.06.2019 15:00, tytybruce2
1. in recent lessons, you have been reading about some of the challenges and issues that the united states faces in both foreign and domestic affairs. review your notes from chapters 39–41 and make a list of these issues. make sure you review the looking to the future and charting future courses sheets from the divisions and new realities lessons. of all the challenges and issues that the united states faces, which do you believe is the most serious in terms of foreign affairs and which in terms of domestic affairs? choose one of each and write an essay that describes each issue and explains why you believe it is the most serious. there is no right or wrong answer—you will be graded, in part, on how well you make the argument that each issue you chose is the most serious. refer to the rubric and scoring instructions on the next page to see how your teacher will grade this assignment.
Answers: 2
Do you know the correct answer?
What is the difference between absolute advantage and comparative advantage? Absolute advantage is...

Questions in other subjects:

Konu
History, 23.03.2021 19:20