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AleksAgata [21]
3 years ago
6

The only deposits of a rare and sought-after mineral known as ursarite are found in Russia. Since no other nation has deposits o

f ursarite, Russia has a(n)__________ in this mineral.
Business
1 answer:
fomenos3 years ago
4 0

Answer: Russia has an absolute advantage in the mineral.

Explanation:

Absolute advantage is an economics term that means to the ability of an individual, firm, or nation to manufacture a larger quantity of a product than its competitors. 

Adam Smith proposed absolute advantage of absolute advantage in international trade by using only labor as the input. Absolute advantage is derived by comparing labour productiveness between countries.

Russia has an absolute advantage because it's the nation that can produce the highest amount.

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Answer:

The correct answer is option A.

Explanation:

In case the consumers have a pessimistic tendency towards the future, they would expect the economy to face a downturn. They will, as a result, save their income and wealth for the future.  

This would cause a decline in consumer spending and the aggregate demand curve will move down to the left.  

An increase in consumer confidence, on the other hand, would cause consumer spending and aggregate demand to increase.

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Andrea uses a rake to move a pile of leaves. The rake is being used as a _____ lever. First-class second-class third-class
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Determining Net Cash Flow from Operating Activities: Burch Company reported the following items in its balance sheet and income
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