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lisov135 [29]
4 years ago
11

Which relationship BEST illustrates a comparison of absolute advantage and comparative advantage? A) A country with an absolute

advantage will always have a comparative advantage in producing products. B) A country with a comparative advantage can produce a greater output of a products than a country with an absolute advantage. C) A country with an absolute advantage can produce a product at a lower opportunity cost than a country with a comparative advantage in producing all products. D) A country with a comparative advantage can produce a product at a lower opportunity cost, even if another country has an absolute advantage in the production of all goods.
Business
2 answers:
lutik1710 [3]4 years ago
7 0

Answer:

D) A country with a comparative advantage can produce a product at a lower opportunity cost, even if another country has an absolute advantage in the production of all goods.

Explanation:

Comparative advantage is when a country produces a product at a lower opportunity cost when compared with a country.

An absolute advantage is when a country produces greater quantities of a product when compared with another country.

I hope my answer helps you

soldier1979 [14.2K]4 years ago
6 0

Answer: D

Explanation: UsaTestPrep

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3 years ago
True or false 1 out of 12 jobs in the U.S. is agriculture related
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Answer:

I believe it's true

Explanation:

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Can a broker arbitrarily penalize an independent contractor based on varying factors, such as the sales agent's difficulty in cl
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Answer:

No

Explanation:

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8 0
3 years ago
Michelle is attending a university where tuition for one year costs $17,300. She has a scholarship worth $5,000 per year. She ea
Dmitry_Shevchenko [17]

Answer:

$41,400

Explanation:

Tuition will increase by $500 each year

Year 1 tuition = $17,300

Year 2 tuition = $17,800

Year 3 tuition = $18,300

Year 4 tuition = $18,800

Total = $72,200

Scholarship per year = $5000

Total scholarship for 4 years = 4 * $5000

= $20,000

Earnings per year = $2,700

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= $10,800

She plans to take out a loan to cover the remaining tuition costs

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= 72,200 - (30,800)

= 72,200 - 30,800

= 41,400

Loan = $41,400

Michelle need to borrow $41,400

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