Jethro has an absolute advantage in all aspects of camping: he is faster at carrying a backpack, gathering firewood, paddling a canoe, setting up tents, making a meal, and washing up.
Absolute advantage refers to an individual's capacity to efficiently carry out a task when compared to other individuals or groups.
- In economics, this broadly refers to the ability and capacity to produce and conduct an economic good or a particular service in a more efficient manner than the competitors.
- In this case Jethro has an absolute advantage in all aspects of camping.
- Within the constraints of the economic activity, production is more efficient and higher.
- Fewer resources are required to produce a particular commodity and/or service that needs higher resources for the competitors.
- With fewer inputs, the outputs stand maximized in the context of absolute advantage.
Therefore, Jethro has an absolute advantage in all aspects of camping: he is faster at carrying a backpack, gathering firewood, paddling a canoe, setting up tents, making a meal, and washing up.
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Capital Investment. Capital investment includes spending money on equipment, factories, etc that will help the business be productive in the future.
Answer: a. It merely conducted some activity outside of Alaska and that activity took place through a website.
Explanation:
CalmDown can use the defence that all it did was to conduct an activity through it's website and this happened to be outside Alaska.
As such the company is still bound by the state that it is registered in which in this case would seem to be in Alaska. They are not to be bound by the laws of another jurisdiction from the one they are registered to if the activity was done on the internet.
Marcus should therefore try to bring action against them in Alaska if he can.
Answer: False
Explanation:
The Minimum Wages Law is simply referred to as a labour law which entails that employees should be paid a certain amount of minimum wage and shouldn't be paid below that.
We should note that the wages law are different for countries. Thereby the minimum wage law set in USA may be different from that of France.
Therefore, even if Food Corp.’s is subject to U.S. Federal minimum wage laws in its office in the U.S.A, it can't be subjected to U.S. Federal minimum wage laws in overseas in France.
Therefore, the answer is false.
Telemarketing is highly effective even though most people will respond rudely or just hang up. But in the hundreds of calls a call rep. makes a day there will always be a few that get hooked on the spiel. I don't think anything can be done to improve the image other than not call during evening hours when it is most disruptive.
