Answer:
B. It has an absolute advantage with regard to that good or service.
Explanation:
If a nation can produce a good or service at a lower cost than any other nation, it means the nation has an absolute advantage with regard to that good or service.
For instance, if the cost of producing millet in China is lower than the cost of producing millet in Mali, then It is said that China has an absolute advantage in the production of millet.
Therefore, the answer is
B. It has an absolute advantage with regard to that good or service.
Polygyny has several economic, social, and health advantages over monogamy. In most cultures, women contribute significantly to the wealth of the household and can thus materially benefit from the labour of an additional spouse.
It’s a system of segregation in Africa that separates the blacks from the white. It ended in a series of negotiations.
Answer:
Education is one of the best ways to prevent intolerance, by revealing similarities between people and spreading a healthy respect for differences. Nor should tolerance be confused with indifference.
Answer:
1)Predict: How will supply and demand and labor substitutes in these job markets affect their pay and likeliness to get a job?
Supply, demand and labor substitutes are three variables that will determine the wage.
For the medical field, the demand for doctors tends to be higher than the supply of doctors, because becoming a doctor is costly both in time and money. This means that doctors will be well-paid, according to this model.
Besides, there are not so many labor substitutes for a doctor, increasing the probability of a high pay for them.
The opposite occurs for barbers. Barbers are easier to supply, and demand is not as high for them. This means that a barber salary will be much lower than a doctor's salary. Finally, barbers do have more labor substitutes as well.
2)How will supply and demand within the job market affect my career choice?
Supply and demand within the job market, as explained above, largely determines the quality of the career that you choose. A labor market with high supply and low demand means that the chosen career will be paid less, while a labor market with low supply and high demand means that the chosen career will be paid high salaries.