(a) Microville has the absolute advantage producing cars. Because the most it can produce is 10 while Macroville can only produce 5.
(b) The opportunity cost is 5 cars if Macroville decides to use all of its resources and produce 20 boats.
(c) Microville has the comparative advantage in producing cars? Because its opportunity cost for 1 car is 1 boat while Macroville's cost for 1 car is 4 boats.
(d) If each country were to specialize in producing either cars or boats and then trade for the other product, Macroville makes 20 boats and Microville makes 10 cars. Each country produces the goods it has a comparative advantage in. Cars for Microville and boats for Macroville.
The correct answer for the question that is being presented above is this one: "a. enabled corporate executives to supervise daily business activities more closely." The corporation became a popular form of business organization during the post-Civil War period because it <span>enabled corporate executives to supervise daily business activities more closely.</span>
Answer:
A third party is one that is not one of the traditional two in America: Republican and Democrat. Right now, the Libertarian, Green, and Constitution parties are some examples of third parties.
