A country that has an absolute advantage in producing corn does not necessarily have a comparative advantage in producing corn - this statement is true.
<h3>What are absolute advantages and comparative advantages?</h3>
Comparative advantage exists when a country produces a good or service for a more subordinate opportunity cost than other countries. Opportunity cost estimates a trade-off. A nation with a comparative benefit creates the trade-off worth it. Absolute advantage is an economic concept that exists utilized to refer to a party’s superior production capability. Specifically, it directs to the ability to produce a particular good or service at a lower cost.
Comparative advantage exists concerned with producing at a lower opportunity cost Having absolute advantage doesn’t necessarily indicate an economy should produce that good. It is not advisable to try and produce everything. Absolute Advantage: The ability of an actor to produce better of a good or service than a competitor. Comparative Advantage: The capability of an actor to produce a good or service for a lower opportunity cost than a competitor.
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Answer:I’m looking for the same one
Explanation:
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Answer is Fatal (focus) four events....
<span>She makes the purchase for $552.86.
After one month, she owes $552.86 + the interest of that month.
One month's interest is 27.3%/12 on the balance, so $552.86 * 0.273/12 = $12.58
At the end of the first month, she owes $552.86 + $12.58 = $565.44.
She pays $195. Now she owes $565.44 - $195 = $370.44
After the second month, she owes $370.44 + interst of that month.
One month's interest is 27.3%/12 on the balance, so $370.44 * 0.273/12 = $8.43
At the end of the second month, she owes $370.44 + $8.43 = $378.87
She pays $195. Now she owes $378.87 - $195 = $183.87
After the third month, she owes $183.87 + interest of that month.
One month's interest is 27.3%/12, so $183.87 * 0.273/12 = $4.18
At the end of the third month, she owes $183.87 + $4.18 = $188.05
She pays $188.05 and pays it off.
The total amount she paid was $195 + $195 + $188.05 = $578.05</span>
