1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Katarina [22]
3 years ago
10

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.
Social Studies
2 answers:
Vladimir [108]3 years ago
4 0
<span>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 refers to the ability to produce a good more efficiently than a competitor, which means at a lower cost. Comparative advantage means that, relative to the cost of producing other products, you can produce the good at a lower cost. This is also known as the opportunity cost. </span><span />
valentina_108 [34]3 years ago
4 0

To clarify the answer by Pmayl:

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.


Please also rate Pmayl's answer and say thanks! :)


You might be interested in
__________ focuses on the processes that allow people to know, understand, and think about the world.
Tomtit [17]

Answer:

The answer is the cognitive approach.

Explanation:

The cognitive approach sees the mind as a processor of information, similar to a computer. Among others, it studies aspects such as memory and consciousness.

The cognitive approach appeared as a reaction to <u>behaviourist theories</u>, which focused on external conduct. Instead, the cognitive approach examined internal processes through lab investigation.

5 0
3 years ago
In Europe most people live where
Cloud [144]

Europe is one of the smallest continents. Only Australia is smaller. Though small, more than 700 million people live in Europe.

Millions of people live in Europe's large cities. Nearly 12 million people live in Moscow, Russia and more than 143 million people live in Russia. Other large cities include Berlin, Germany, and London, England.

So all in all, most people live in Russia.

8 0
2 years ago
Read 2 more answers
All people are blank in a democracy
valentinak56 [21]
I think that the "blank" is best filled by "equal".

This would mean that all people have the same power of decision in a democracy, and if it seems that some people have more than others: in fact they only represent the whole population.

In comparison, in a monarchy, the monarch has more power than the common people.
5 0
3 years ago
Sawikain tungkol sa baboy/pagkain i need it for my A/I T-T
lana66690 [7]

Answer:

ush2b2jsb2kenelwk nb and

sl

jeoeekoejkehevisheeghwhwjwjeveheheip7fsluqfsligdwigxqligxqleigwdp8gwihdwidwlufouqfwigdlqigdqidg1luf1odgqp8gdqldvqlidgliqgdlqidvidh1idg1ih

8 0
2 years ago
Read 2 more answers
URGENT WILL GET BRAINIEST
igomit [66]

Answer:

Ecuador has absolute advantage over the United States, lots of rocky areas

5 0
2 years ago
Read 2 more answers
Other questions:
  • The unequal distribution of wealth, power, and prestige on a global basis, resulting in people having vastly different lifestyle
    7·2 answers
  • The system of separating blacks from whites in South Africa was called slavery. infractions. apartheid.
    10·2 answers
  • How long does it take a rock to be Roach
    11·1 answer
  • Sheila is more fearful of loneliness than of remaining in a physically abusive relationship with her boyfriend. this best illust
    6·1 answer
  • What happened to ferderallist and the rebulicans after the war of 1812
    10·1 answer
  • In a small town in the Midwest, children all attend the same school and most of the community members attend the same church. Ev
    9·1 answer
  • Read the excerpt from "In Response to Executive Order 9066".
    8·2 answers
  • Ano ang kakayahan ng isip na layong makakuha ng buod nkaranasan at makabuo ng kataga
    13·1 answer
  • bilang pagtugon sa sulat gumawa ng liham para sa iyong mga magulang o lolo,lola o malapit na kamag-anak na naglalahad ng iyong g
    6·1 answer
  • Which statement best describes the reason that job opportunities for women and children increased during early industrialization
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!