What can a producer gain by specializing? Absolute advantage
When someone specializes in their field, they being an expert in that subject. Absolute advantage is the ability of a person or group to carry out an economic activity better than another. If someone focuses on it and specializes in one area, they are more likely to create an absolute advantage in that area.
Answer:
Elastic demand
Explanation:
Price elasticity of demand is a concept that seeks to measure the sensitivity of demand to the price of a good or service. Thus, if demand is elastic, it means that even small variations in price have a strong impact on demand. Conversely, if demand is inelastic, variations in the price of the good will not greatly affect demand, meaning consumers will continue to demand that particular good or service.
The calculation of the price elasticity of demand consists in the division between the variation of the quantity demanded by the variation in the price practiced. If the result is greater than 1, demand is considered elastic (price sensitive). Conversely, if elasticity is less than 1, demand is considered inelastic (little price sensitive). If elasticity equals one, then the change in demand is exactly the same as the price change.
The correct answer is climate!
Weather is the current state of the atmosphere (cold or warm for example) and global warming is the general trend for the average temperature to increase globally - but it's a specific weather-related phenomenon, not the statement of average historic temperature.
<span>dendrochronology is a method of discovering past weather by the state of tree rings</span>
Saudi Arabia- Most authoritarian
Israel- Less authoritarian
Lebanon- Less authoritarian
Syria- Most authoritarian
Explanation:
Saudi Arabia, Israel, Iraq, Iran, Syria, Lebanon all are countries of middle east where these countries are located. Among all the middle east countries Saudi Arabia has most authoritarian government because it is governed by king. And king applied dictatorship here that must be followed by every citizen of the country.
Israel and Lebanon has less authoratarian government where king's dictatorship is slightly loose and democratic environment prevails. Syria has most authoritarian ruling system like Saudi Arabia.
