The correct answer would be option B, Having a lower cost of production than other firms or nations.
Absolute advantage is having a lower cost of production than other firms or nations.
Explanation:
When a firm or nation can produce a product or service with less resources, or at lower cost, than other firms or nations, then this advantage is said to be the Absolute advantage.
When a firm or nation is able to produce a product or service cheaply than other firm or nation, this is called as Absolute Advantage.
We can take an example to understand the concept of Absolute Advantage. India has cheap workforce than Philippines, so India has an absolute advantage over Philippines in the Call Center Sector because India can hire workforce at a cheaper rate which can do the same task as that of the workforce in Philippines.
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Answer:
He started the assembly lines in 1908,which made making cars faster and easier. Since it was easier to make, the prices went down. Once the prices were down, more people could afford cars on credit. Credit is paying for something overtime. More and more people bought things on credit, but people weren't paying. Most people were in debt and lost their jobs, which led to The Great Depression.
One reason why the British soldiers fired on the Boston colonists during the Boston Massacre was because their were objects being thrown at them. These soldiers were harassed by an angry mob and hit by objects while protecting the Customs Office in Boston.
Another reason why the British soldiers fired on the colonists were because they were afraid of what might happen. Colonists, at this time, rebelled constantly against any symbol of the British government. This included tax collectors, who were tarred and feathered by colonists. These soldiers could have been worried that the colonists might attack them physically.
Answer:
It was a form of tomb.
Explanation:
Constructed at Saqqara about 4,700 years ago, the Step Pyramid of Djoser was the <u>first pyramid the Egyptians built.</u> The planning of the pyramid has been attributed to Imhotep, a vizier who would later be deified for his accomplishments. <u>It started off as a mastaba tomb.</u>
