Using the same resources, the country of Zanzibarus produces 12 million pounds of beef or 5 million pounds of pork. Zanizibarus has a (n) Comparative Advantage in beef in contrast with pork production. This is further explained below.
<h3>What is Comparative Advantage?</h3>
Generally, Superior performance in one economic activity (such as the production of one product) over another.
In conclusion, Using the same amount of resources, the nation of Zanzibar can produce 12 million lb of beef or 5 million lb of pork. Zanzibar has an n-Comparative Advantage in the beef market compared to the pork market.
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Answer: BUDGETS
Explanation: A budget can be defined as a written plan for financial purpose of the entity usually made for a definite period of one year. A budget can be fixed or variable.
A budget is made on the planned amount of sales and revenues and takes into consideration various types of cost and expenses to be incurred.
Thus, from the above we can say that budget is that principal mean that is used for controlling of financial resources in an entity.
Answer:
Choose the periods with the highest and lowest level of activity and their associated costs.
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