Answer:
Comparative advantage
Explanation
Comparative advantage is a theory that refers to the ability to produce products at a lower opportunity costs than others. This concept means that if a country is better than other producing two products, specialization still can happen as the second country can produce one of the products better and it will specialize as it has a comparative advantage and like that each country focuses on what they can produce more efficiently.
Answer:
A report showing an employee's age as a negative number is useless because it lacks Validity.
<h3>
What is Validity?</h3>
- Validity refers to how accurately a method measures what it is intended to measure.
- If research has high validity, that means it produces results that correspond to real properties, characteristics, and variations in the physical or social world.
To learn more about validity, refer
to brainly.com/question/25689052
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Answer: Decreasing returns to scale
Explanation: In simple words, decreasing returns to scale can be defined as the situation in which for every increase in 1 unit of output one has to invest more than 1 one unit of input.
In decreasing returns to scale the cost of production increases with level of production made.
Hence the right answer is option A.
Answer:
The correct answer is letter "E": output.
Explanation:
The output is the number of goods or services produces by an organization given a specific period. The output is expressed in monetary value and is usually compared to the costs it took to produce the goods or services. The output does not necessarily imply talking about material goods. The output is intangible as well.
Thus, <em>the pumpkins production profits and losses of a farmer are considered as part of the output of an economy</em>.
