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
TEA [102]
3 years ago
7

Choose the statement that CORRECTLY explains Absolute Advantage or Comparative Advantage. A) Absolute Advantage is the ability o

f a nation or region to produce more of a certain product than another country or region. B) One country can have a Comparative Advantage over another country with some products, and an Absolute Advantage over that same country in another product. C) The country of Joetopia produces 4 billion gallons of cola, while the country of Amystan makes 400 million gallons of soda. Joetopia has an Absolute Advantage. D)Lana can bake 10 cakes in 8 hours, while Lenny can bake 4 cakes in 8 hours. Lenny has an Absolute Advantage in making cakes. E)The country of Rockonya makes 1 television every 5 hours and 1 car every 20 hours, while the country of Jamonia makes 1 television every 24 hours and 1 car every 12 hours. Rockonya has a Comparative Advantage in making televisions.
History
2 answers:
rodikova [14]3 years ago
8 0

Answer:

A

B

C

E

Explanation:

On usatestprep

Alexxandr [17]3 years ago
5 0

<u><em>The correct answer is option E: </em></u>

The country of Rockonya makes 1 television every 5 hours and 1 car every 20 hours, while the country of Jamonia makes 1 television every 24 hours and 1 car every 12 hours. Rockonya has a Comparative Advantage in making televisions.

<em>A comparative advantage </em>of one country over another in the production of a certain good or service is a special facility with respect to a certain key aspect that the first country has more than the second. In this case, the characteristic to be compared is the greater productivity that Rockonya has in the manufacture of televisions.

<em>An absolute advantage</em> takes into account the quantification of a key aspect for the production of a certain good or service without establishing any comparison with another country.  

<em>In the example it would be:</em> Rockonya has a productivity of 1 TV per day.






You might be interested in
What is a world view in your opinion
bonufazy [111]
How people see the world
Some see it glass half full
Other see it glass half empty
8 0
2 years ago
What is the purpose of a political party’s platform? to persuade voters that the party cares about them to state the goals of th
kakasveta [241]

Answer:

to state the goals of the party and its position on issues

Explanation:

3 0
2 years ago
Read 2 more answers
Which occupying country sought to strip Germany of its industry after World War II? A. United States B. Britain C. France D. Sov
MissTica

The correct answer is - France.

France was the country that was the most angered at Germany after the World War II. If it was up to France, Germany would have lost the right to have any armed forces, be it military or police, and have ended up without any industry, and every single money and gold it had it was going to lost them.

The anger of France was understandable, but still they had to take into consideration the civilian population and their future. The other countries were not so harsh, though lot of sanctions and restrictions were implemented on Germany. It was decided that Germany will retain its industry, and that the country should develop economically, while being closely monitored, controlled, and restricted in certain things.

6 0
3 years ago
Read 2 more answers
What was the national currency act and how did they get states to participate
babunello [35]

The National Currency Act´s main goal was to create a unified national currency, finishing with the problem of many banks issuing different notes. State banks were no longer able to issue money; however, local bankers seized the opportunity of being able to open new banks with much less capital.

7 0
3 years ago
Witch development has most influenced the spread of globalization in the 20th and 21st century
Alex73 [517]

Globalization/Global Trade

5 0
3 years ago
Other questions:
  • What was the main result of Germany’s use of unrestricted submarine warfare during World War I? It limited the number of countri
    10·2 answers
  • How did westward migration after the american revolution lead to social, political, and ethnic tensions?
    12·1 answer
  • President Woodrow Wilson's peace plan was called the _____.
    10·2 answers
  • Why did the parliment tax sugar in 1764
    7·2 answers
  • What describes the Boston masscrace
    13·1 answer
  • What are the pros and the cons of abolishing the electoral college
    14·1 answer
  • A Spanish soldier describes Tenochtitlan: "The great city...has many broad streets, though among these are two or three pre-emin
    10·2 answers
  • Which group would have been least likely to support Andrew Jackson?
    5·1 answer
  • Between 1860 and the 1930s, three __________ gave the federal government some control over people’s lives.
    14·2 answers
  • The basic foods are called:<br><br> products<br> primary<br> crucial<br> staples
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!