Alpha Colony and Beta Colony both manufacture textiles and technology. Alpha Colony always produces higher quality textiles and
technology with fewer raw materials and in less time than Beta Colony. Which statement would explain the reason why Alpha Colony has an advantage over Beta Colony? A. Alpha Colony has a comparative advantage because it chooses not to export its manufactured goods to other colonies.
B. Alpha Colony has a comparative advantage because it chooses to ignore the opportunity cost of using more raw materials.
C. Alpha Colony has an absolute advantage because it has an established manufacturing infrastructure and trained workers.
D. Alpha Colony has an absolute advantage because it has more farms and mines to produce raw materials needed for its products.
The statement that would explain why Alpha colony has an advantage over Beta colony is : D. alpha colony has an absolute advantage because it has an established manufacturing infrastructure and trained workers
Trained workers : Increase product's quality, and established manufacturing infrastructure increase manufacturing efficiency
A circular flow economy includes buying and selling between businesses, households, and governments.
The government takes money in through taxes and tariffs, and has expenditures on things like roads, military spending, and other federally funded programs. In this way the government both gives and takes in the economy.
A service blueprint is a diagram or an illustration of the service process in an organization. It visualizes a company's service process to identify improvement areas to provide a better customer experience.
A service blueprint illustrates the relationship between various service components that interact directly or indirectly with customers. They include customer facings and back-office employees and digital interfaces such as the company website.
