If Austin can produce potato chips at a lower opportunity cost than William, then Austin has a comparative advantage in the production of potato chips.
Comparative advantage refers to a situation in which an individual, business or country can produce a good or service at a lower opportunity cost than another producers or businesses.
In production a lower opportunity cost creates a comparative advantage. So here in this situation a comparative advantage in one good implies a comparative disadvantage in another.
Hence, comparative advantage is the ability of a producer to produce a good or service for a lower opportunity cost than its competitor.
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Answer: D. hiring of people in underrepresented classes, regardless of qualifications.
Explanation: Employment using quota as a criteria and hiring people without regards to qualification just because they are from under represented class, is not an affirmative action and will lead to mediocrity.
Hiring should be based on analysis of demographics of the current company workforce, survey of the relevant labor market and comparison of the current company workforce and workforce available in the labor market.
Answer: The empirical evidence indicates that compared to economies that are less free, countries with institutions and policies more consistent with economic freedom C. grow more rapidly and achieve larger poverty rate reductions.
Explanation: Countries that have policies in place are more likely to achieve growing at a faster rate and reductions because their people follow the rules and work hard to meet the expectations of the person in charge of their country. Free countries normally do not have steps in place to have a strong economic system and supporters of it.
This is known as<u> "Business process reengineering".</u>
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Business Process Reengineering includes the radical update of core business procedures to accomplish sensational enhancements in profitability, process durations and quality. In Business Process Reengineering, organizations begin with a clear sheet of paper and reconsider existing procedures to convey more an incentive to the client. They commonly embrace another value framework that places expanded accentuation on client needs. Organizations lessen organizational layers and wipe out unproductive activities in two key regions.
Answer:
politics
Explanation:
Politics is defined as the science or art of governing something. I personally like the definition that my US government teacher once told me, "the art of getting things done". I really doubt that he invented the phrase, but he never told us who he got it from ether.
Besides who made up that specific definition of politics, the reason I like it is because politics is the best way to solve a country's (or region's or city's) problems. I personally do not like the current president, but even as bad as I might consider him to be, he is for sure a better option than a semi-dictator like Putin (Russia), Maduro (Venezuela) or any Islamic or socialist government.
Democracy has a lot of defects, but one of its greatest virtues is that we, as citizens, have the power to try to correct them. I generally tend to consider politicians as bad people, some worse than others, but they are not martians nor they were imposed to us by the use of force, we elect them. As a society, we deserve the leaders that we elect.
