Because Casey can type reports faster and more accurately than Ahmet, Casey has an absolute advantage in typing reports.
This is further explained below.
<h3>What is
the absolute advantage?</h3>
Generally, The capacity of a party to provide an item or service more effectively than its rivals is the foundation of the idea of absolute advantage.
Adam Smith, a Scottish economist, originally introduced the idea of absolute advantage in 1776 when discussing international commerce and utilizing labor as the only input.
In conclusion, Casey has an unbeatable edge in terms of typing reports as compared to Ahmet due to the fact that Casey can write reports more quickly and precisely.
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Answer:
competence
Explanation:
A theory by Richard Ryan and Edward Deci suggests that there are three psychological needs that need to be balanced in order for people to experience a deep sense of well-being. They are relatedness, autonomy and competence.
The theory by Edward Deci & Richard Ryan that states that people need autonomy, competence, & relatedness in order to feel intrinsic motivation is Self-determination theory. The theory suggest the these three characteristics will make an individual have deeper sense of well being and feel intrinsic motivation.
Intrinsic motivation is the idea of an individual doing what he is doing because of what he stands to gain from it. He feels joy doing anything it is because it makes him feel fulfilled.
Answer: In accordance with the neoclassical economics, the monetary value of a commodity or service is considered as the price of the commodity in an open market. This value is generally determined by the forces of demand and supply , i.e the demand for the commodity relative to supply. Several neoclassical economist evaluate the value of a product or service with the price, irrespective of the market being competitive.
Answer:
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