Answer: it can produce that good using fewer resources than its trading partner
Explanation:
A country has an absolute advantage in the production of a good when such country can produce the good using fewer resources than another country.
Absolute advantage can be due to the natural endowment of a country. For example, let's say Japan uses 2 hours in producing a good while Brazil uses 5 hours in producing such good. Then, it can be deduced that Japan has an absolute advantage over Brazil.
The answers would be:
Article 2 uses a scientific claim because the author says the Earth is in a cooling cycle.
Although Article 1 mentions evidence discovered by scientists, more research is needed about the data source to determine if the claim is scientific.
Answer:
The correct answer is letter "B": less qualified workers.
Explanation:
Direct labor rate variance analyses the current cost of direct labor and the regular cost of direct labor over the same operations period. Direct labor rate variance can be caused due to minimum wage increase, hiring less qualified employees or inappropriate cost budget setting.
Among salespeople, order takers often represent products that have few options, such as magazine subscriptions and highly standardized industrial products.
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Explanation:</u></h3>
A sales person who only aims in getting new orders and will not take any actions regarding finding new customers or increasing the existing order frequency. He will not aim in the increasing of the sales that already exists. He aims only in money making process.
In the examples given, subscriptions of magazine and highly standardized industrial products are given. When considering these examples, the order takers will only take steps in getting new orders with a few options at their hands.
Answer:
The Federal Reserve System
Explanation:
The Federal Reserve System represents the United State's Central bank. It is also called either the Fed or the Federal Reserve.
Created by the U.S. congress, the Fed is in charge of the affairs of the financial system of the United States. Specifically, it was created to ensure that the financial system is flexible, safe and <u>monetarily stable</u>.
The Fed regulates banking activities, maintains the stability of the financial system and is also in charge of the monetary policies adopted in the United States.
