The correct answer would be option B, Having a lower cost of production than other firms or nations.
Absolute advantage is having a lower cost of production than other firms or nations.
Explanation:
When a firm or nation can produce a product or service with less resources, or at lower cost, than other firms or nations, then this advantage is said to be the Absolute advantage.
When a firm or nation is able to produce a product or service cheaply than other firm or nation, this is called as Absolute Advantage.
We can take an example to understand the concept of Absolute Advantage. India has cheap workforce than Philippines, so India has an absolute advantage over Philippines in the Call Center Sector because India can hire workforce at a cheaper rate which can do the same task as that of the workforce in Philippines.
Learn more about absolute advantage at:
brainly.com/question/8141905
#LearnWithBrainly
The first evidence of deforestation was observed in a period known as the Mesolithic Period. Scientists find evidence of past episodes of deforestation by examining pollen records. The primary cause of ancient deforestation is to clear land for agriculture. Deforestation is the widespread removal of trees and forested areas that can lead to serious environmental issues such as soil erosion and Flooding.
Answer:
False, im pretty sure
Explanation:
Hope this helps and pls mark brainlest!
Answer: The triangle, involving three continents, was complete. European capital, African labour and American land and resources combined to supply a European market. The Southern colonies included Maryland, Virginia, North and South Carolina, and Georgia.
