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:
Spartan political system was a combination of monarchy (kings), oligarchy (Gerousia) and democracy (ephoroi, ephors). Oligarchy– Sparta always had two kings, the state was ruled by two hereditary kings of the Agiad and Eurypontid families (probably the two gens had great merits in the conquest of Laconia).
Article I, Section 4, Clause 1: The Times, Places and Manner of holding Elections for Senators and Representatives, shall be prescribed in each State by the Legislature thereof; but the Congress may at any time by Law make or alter such Regulations, except as to the Places of chusing Senators.
Answer:
B. They point to continuing debate over the Second Amendment.
C. They refer to rights of the accused guaranteed in the Sixth
<span>Background of US conflict with Soviet. During World War II, Roosevelt followed a policy of "the Grand Alliance" with the determination to get along with the Soviet Union. He was determined to follow this policy after the war and believed the United Nations, one of his pet projects, would maintain the postwar peace.</span>
