Answer:
The correct answer is option B.
Explanation:
Long-run economic growth is measured in the US using real GDP per capita. It can also be called real GDP per person. Instead of nominal GDP, real GDP is used as it is an inflation-adjusted measure. It measures the change in economic output.
The trend in the real GDP per capita has been strongly upwards except for some short term fluctuations because of business cycles.
Answer:
Providing personal customer service
Explanation:
Rudy provides his customers with very personalized service. His business model functions well because he has a sizeable amount of followers on his website. Rudy personally interacts with his customers, lets them knows his location and the menu for the day, and thanks them for their support. Since Rudy owns a food truck, he can move to different locations. By providing personalized customer service, Rudy is encouraging his followers to find where the food truck is located that day. This way, he gets the traffic of where the food truck is located that day, but he also has people that specifically go to that area for his food truck.
Answer:
A) Jose B) Roberto
Explanation:
Absolute advantage is the advantage when work is given two individuals or producer and provide the same resources, the person who works faster and better can have the absolute advantage.
For example, if my friend is washing 100 dishes in one hour and on the other hand I am washing some dishes in two hours or we can say I am washing 50 dishes in one hour then my friend has more absolute advantage in dish washing skills than me.