Answer: it can produce that good using fewer resources than its trading partner
Explanation:
A country has an absolute advantage in the production of a good when such country can produce the good using fewer resources than another country.
Absolute advantage can be due to the natural endowment of a country. For example, let's say Japan uses 2 hours in producing a good while Brazil uses 5 hours in producing such good. Then, it can be deduced that Japan has an absolute advantage over Brazil.
Trust and the effectiveness of work teams are examples of Intangible resources which are typically embedded in unique routines and practices that have evolved and accumulated over time.
1. The building or the work place and it's called Property insurance
2. the works health and it's called Workers’ compensation insurance
3. Vehicle insurance (the business's vehicles)
4. Professional liability insurance (covers a business against negligence claims due to harm that results from mistakes or failure to perform)
5. Product liability insurance (if the business manufactures a product can have damage ones but with coverage available to be tailored specifically to a specific type of product)
6. Business interruption insurance (like if a flood happen then the business won't be able to operate for a while so they'll lose in income so business interruption insurance compensates a business for its lost income during these events)
