Absolute Advantage is the ability of an individual or group to carry out a particular economic activity more efficiently than another individual or group.
Comparative Advantage is the ability of an individual or group to carry out a particular economic activity (such as making a specific product) more efficiently than another activity.
The producer that requires a smaller quantity inputs to produce a good is said to have an absolute advantage in producing that good. Comparative advantage refers to the ability of a party to produce a particular good or service at a lower opportunity cost than another
Q. Describe at least three steps you should take after finding out that your credit card was stolen.
A.
1st: report to your card issuer
2a: check if it has been used
2b: report the fraudulent use to the reporting agencies
3: try remembering last locations and other information
~~
I hope that helps you out!!
Any more questions, please feel free to ask me and I will gladly help you out!!
~Zoey
Thank YOU SISTER ILY SO MUCH AND IM THANKFUL FOR U.... GOD BLESS UUUUU <3333
Daniel Kahneman and Amon Tversky believe that when we suffer a $1 loss, compared to a $1 gain, we suffer 2.25 pain.
<h3>What did Daniel Kahneman and Amon Tversky believe?</h3>
Based on some models that the two ran, they came up with a conclusion that we suffer more from losses than we get help from gain.
Their prediction was that a loss of $1 can hurt us about 2.25 more times than a gain of $1 can help us.
Find out more on losses at brainly.com/question/1165724.
