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Kamila [148]
2 years ago
9

According to the concept of comparative advantage, a good should be produced in that nation where?

Business
1 answer:
snow_lady [41]2 years ago
7 0

According to the concept of comparative advantage, a good should be produced in that nation where its <u>domestic </u><u>opportunity cost</u><u> is the least.</u>

This is further explained below.

<h3>What does the opportunity cost?</h3>

Generally, Opportunity cost, in microeconomics, refers to the value or advantage foregone by doing one action over another.

To put it another way: if you do one thing, you can't do anything other.

In conclusion, Opportunity cost, in microeconomics, refers to the value or advantage foregone by doing one action over another.

To put it another way: if you do one thing, you can't do anything other.

Read more about opportunity cost

brainly.com/question/13036997

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complete question

According to the concept of comparative advantage, a good should be produced in that nation where:

A) its domestic opportunity cost is greatest.

B) money is used as a medium of exchange.

C) its domestic opportunity cost is least.

D) the terms of trade are maximized.

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0.9

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The original price of a television is $500 you have a coupon for 25% off excluding tax what is the cost of the tv
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Assume that the tax rate is 8%
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Suppose the price of a pound of flax seed in west virginia is currently $1.00. the law of one price suggests that because the pr
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It will be between $1.00 and $ 1,20

Explanation:

Solution

Given:

From the given question, the price of a flax seed in west Virginia is presently at $1.00

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The price of a flax seed pound will be between 1.20 and 1.00

Therefore, the price of the flax seed in Kentucky as compared to that of west Virginia will be placed in between  prices of $1.20 and $1.00 after the supply by sellers in both market has been adjusted or raised.

6 0
3 years ago
A ________ involves killing at least four victims at one location during one event.
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The answer to this question is Mass murder
One more aspects that needed to be filled to be considered as a mass murder is the intention. It could be considered a mass murder if the killing is purely intentional.
If the killing of four victims happen because of an accident (such as drivig a vehicle toward another and caused the deaths), then the event still not considered as a mass murder.
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