The correct answer is B.
When producers develop an absolute advantage, they are able to manufacture products or services more efficiently that the competitors. This means they are able to produce a larger quantity of output with the same amount of inputs than the competitors, or the same level of output with fewer inputs.
When a production process becomes more efficient, there is a <u>cost reduction and manufacturers are able to decrease the market prices of the products </u>and, in consequence, to increase their sales and profits. <u>Hence. due to the price reduction, competitiveness constitutes a benefit for consumers too, as they can purchase the same products at a cheaper price. </u>
Martin Luther main religious teachings was christainity.
This Presidents and the Constitution e-lesson focuses on Abraham Lincoln and the Emancipation Proclamation. Though he had always hated slavery, President Lincoln did not believe the Constitution gave him the authority to bring it to an end—until it became necessary to free the slaves in order to save the Union. With the Emancipation Proclamation, which he viewed as an essential wartime measure to cripple the Confederacy’s ability to fight, Lincoln took the first step toward abolition of slavery in the United States
Europe.. some parts of Asia and India.
