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:
Conservadurismo.
Explanation:
Conservadurismo es el nombre que se le da a las políticas políticas que enfatizan el valor de las tradiciones y costumbres y el progreso gradual en lugar de la revolución. Lo que se considera tradicional difiere de una sociedad a otra, por lo que las políticas conservadoras adoptan formas muy diferentes de un país a otro. Los conservadores de un país también pueden discutir sobre los valores básicos que deben mantenerse. Algunos conservadores quieren mantener el status quo mientras que otros buscan restaurar el status quo ante.
The european union produces about 15% of the world's goods and services. The EU hosts only 6.9% of the world's population, but its trade with the rest of the world represents approximately 20% of world imports and exports. Approximately 62% of total trade is between the EU countries, it is one of the three main world trade powers. The other two are the United States and China.
The England colonies because of theor religeous beliefs
