The correct answer would be option B, Having a lower cost of production than other firms or nations.
Absolute advantage is having a lower cost of production than other firms or nations.
Explanation:
When a firm or nation can produce a product or service with less resources, or at lower cost, than other firms or nations, then this advantage is said to be the Absolute advantage.
When a firm or nation is able to produce a product or service cheaply than other firm or nation, this is called as Absolute Advantage.
We can take an example to understand the concept of Absolute Advantage. India has cheap workforce than Philippines, so India has an absolute advantage over Philippines in the Call Center Sector because India can hire workforce at a cheaper rate which can do the same task as that of the workforce in Philippines.
Learn more about absolute advantage at:
brainly.com/question/8141905
#LearnWithBrainly
After ge conquered the land he founded the city of Alexandria
Answer:
World War I resulted from a "chain reaction"
Explanation:
This Political cartoon is titled "Der Stänker" which translates to "The Troublemaker".
It was originally published in August 1914, in the German magazine known as Kladderadatsch.
It illustrated the nations of Europe sitting at a table. From the cartoon, it was revealed that the Central Powers in contrast to Russia was unhappy about small Serbia joining the table.
In the following event, out of nowhere, Serbia attack Austria - Hungary from the back. While Germany offers support to Austria, Russia and France made a pact without other nation's knowledge.
Consequently, Austria mauled Serbia, and Germany, in response to the Russia-France pact, allied with the Ottoman Empire. In the background, France wants to ally with Britain.
In the end, Germany and France went into the fight, this caught Britain by surprise, while the new country seems to join the fight, presumably, Japan.
Hence, the best summary for this cartoon is "World War I resulted from a "chain reaction"
Answer:
jhhrjiogzbbjn. kll. llkk. okk.
Answer: A) Washington State has been able to become the leading producer of petroleum in the United States.