What is the difference between absolute advantage and comparative advantage?
1. Compara...
What is the difference between absolute advantage and comparative advantage?
1. Comparative Absolute advantage is the ability of an individual, a firm, or a country to produce a good or service at a lower opportunity cost than competitors.
2. While comparative absolute advantage is the ability of an individual, a firm, or a country to produce more of a good or service than competitors when using the same amount of resources.
Answers: 2
Another question on Business
Business, 22.06.2019 08:30
Most angel investors expect a return on investment of question options: 20% to 25% over 5 years. 15% to 20% over 5 years. 75% over 10 years. 100% over 5 years.
Answers: 1
Business, 22.06.2019 15:30
For a firm that uses the weighted average method of process costing, which of the following must be true? (a) physical units can be greater than or less than equivalent units. (b) physical units must be equal to equivalent units. (c) equivalent units must be greater than or equal to physical units. (d) physical units must be greater than or equal to equivalent units.
Answers: 1
Business, 23.06.2019 07:00
Will mark you the which of the following groups has caused ongoing conflicts in afghanistan? a. the sinhalese majority b. natalitesc. kashmir sikhsd. the taliban
Answers: 2
Business, 23.06.2019 10:00
If a business is in need of working capital, one option is to use a(n) that will buy the company's account receivables and then handle their collection for a fee.
Answers: 2
You know the right answer?
Questions
Biology, 09.03.2020 18:54
Computers and Technology, 09.03.2020 18:55
English, 09.03.2020 18:56
Computers and Technology, 09.03.2020 18:56
Computers and Technology, 09.03.2020 18:57
Computers and Technology, 09.03.2020 18:57
Computers and Technology, 09.03.2020 18:58
Mathematics, 09.03.2020 18:58
