Answer:
Laura can write more papers than Lisa, but Lisa has a low opportunity cost to doing so.
Explanation:
Absolute and comparative advantage are important concept in the field of economics and trade. These concepts are used to explain the basis of foreign trade.
Absolute advantage refers to the situation when an economic agent can produce a product at better quality, faster and earn more profit than its competitor. It looks at the efficiency of producing a single good or service.
Comparative advantage takes into account the opportunity cost of producing a good or service. The opportunity cost is the cost of sacrificing the alternative.
Absolute advantage means Laura can write more papers than Lisa, but since Lisa has a comparative advantage she has a low opportunity cost to doing so.
Answer:B
Explanation:
An easement refers to a right of way to use something without owning the property in itself; it just like a right to use an access road. The purchaser would be successful because the title to deed can be traced to the developer or land owner who issued the easement in the face of a guarantor which is the same to that of her neighbours.
Answer:
There are two words with totally different meanings. Colonialism is where one country physically exerts complete control over another country and Imperialism is formal or informal economic and political domination of one country over the other.
The promoter of the golden mean (golden ratio) is Dr. George Markowsky. He wrote a article about the "Misconception of the golden ratio.
Answer:
B. It allows people to express their cultural identity as individuals while
reducing their standard of living.
