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Damm [24]
2 years ago
15

What is the difference between Absolute Advantage and Compartive Advantage?

Business
1 answer:
Kitty [74]2 years ago
3 0

Answer: See explanation

Explanation:

Absolute advantage simply means when an economic entity such as individuals or the firms can produce a particular good more efficiently than others who produce similar good. In this case, a larger quantity is produced when compared to others.

Comparative advantage is when an economic agent can actually produce goods at an opportunity cost that's lower than the opportunity cost of its competitors. Due to this, such economic agent can sell its good at a cheaper price than others and therefore make more revenue.

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Learners with a _____ learning style prefer reading, writing, and speaking. naturalistic logical/mathematical verbal/linguistic
Masteriza [31]

Answer:

Verbal/linguistic learners prefer learning activities that involve reading, writing, and speaking.

Explanation:

7 0
2 years ago
Roland Richard, a baker, purchased 200 ounces off of an expensive spice for $400 on 3/1/09. The journal entry to record the purc
kirill [66]

Answer:

The correct adjusting journal entry for 12/31/09:

D. debit Spice Expense and credit Spice Inventory 240

Explanation:

Roland Richard purchased 200 ounces off of an expensive spice for $400.

Cost per ounce = $400/200 = $2

By December, 12/31/09, there were 80 ounces on hand. Roland Richard used 120 ounces of expensive spice with the amount of expense: $2 x 120 = $240

The adjusting journal entry for 12/31/09:

Debit Spice Expense $240

Credit Spice Inventory $240

6 0
3 years ago
Rent control policies tend to cause
Savatey [412]

Answer:

The correct answer is d.  relatively smaller shortages in the short run than in the long run because supply and demand tend to be more inelastic in the short run than in the long run.

Explanation:

Rent control laws set limits on how much landlords can charge rent. The rent control laws specify:

  • What types of properties qualify for rent control.
  • How often rent limits can be adjusted.
  • How rent limits can be adjusted. Most rent control laws link increases in rental limits to an annual percentage of inflation in a local consumer price index.
  • The conditions when a property is "out of control."
  • Restrictions on the eviction of the tenant with rent control.

There are no federal rent control laws since the US Supreme Court. UU. He ruled that rent regulation is a state issue. Most states do not have rent control laws regulated. Only some cities and communities in some states continue to apply them.

In the United States, rent control laws were adopted during World War II when the country was experiencing a housing shortage. President Richard Nixon then passed the wage and price laws that influenced the modern rent control laws that are still being applied today. This is why most rent control laws usually apply to older properties built before 1980.

5 0
2 years ago
replacement of skilled workers with machines that can do the job more efficiently is called what? a. deskilling b. downsizing c.
ASHA 777 [7]
The correct answer is A. deskilling

Deskilling is a process in which skilled workers are replaced by technological advancements which make the worker obsolete.
5 0
2 years ago
Read 2 more answers
A reason why marketing intermediaries such as transport companies and wholesalers have survived is that they
ziro4ka [17]

A reason why marketing intermediaries such as transport companies and wholesalers have survived is that they :Add enough value to products to outweigh the added costs.

<h3>What is  marketing intermediaries?</h3>

Marketing intermediaries can be defined as the people that acts as a link between a manufacturer and consumer.

This Marketing Intermediaries perform important functions as they assist companies or organization to market and sell their product and to as well distribute products from the manufacturer to  end user.

Therefore a reason why marketing intermediaries such as transport companies and wholesalers have survived is that they :Add enough value to products to outweigh the added costs.

Learn more about  Marketing intermediaries here:brainly.com/question/25339343

#SPJ1

4 0
1 year ago
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