Under the condition that country X can manufacture cars more cheaply. An absolute advantage devours in a country if it makes good over alternative country and uses a smaller amount of wealth to yield that good. The result of a country’s natural legacy is the absolute advantage. Another example is extracting oil in Saudi Arabia is pretty much just a matter of drilling a hole. Generating oil in other countries can is essential substantial exploration and costly technologies for drilling and extraction if certainly they have any oil at all. The United States devours about the richest farmland in the world which manufacture it at ease to grow corn and wheat than in many other countries. Guatemala and Colombia partake environment particularly suitable for growing coffee. Chile and Zambia have about of the world’s richest copper mines. As some have claimed that geography is destiny. Chile will bargain copper and Guatemala will harvest coffee and they will trade. When each country has a product others necessity and it can be manufactured with fewer resources in one country over another then it is easy to visualize all parties do good from trade. Thinking about trade just in relations of geography and absolute advantage is incomplete. Trade actually happens because of comparative advantage.
Answer:
The correct answer is letter "A": The Ministry of Environment limits the number of trees that each lumbering firm can fell.
Explanation:
The case given relates to how the government set limits to the unregulated exploitation of natural resources to control its renewability. In that way, both the fishermen and the lumbering firms' activities were reduced to a rational number so that the resources they work with cannot be extinguished.
The advantage of administering personality tests on employees is that it will allow the employer to know the mindset and personality of the employee. This will allow the employer to at least have an idea as to how the employee works and how his attitude in the workplace. The disadvantage is that it may make the employee a little anxious as to whether he would meet the personality requirements of the employer and whether he would be able to retain the job or not.
Answer:
E. viral
Explanation:
Viral marketing, also known as viral advertising is a kind of the business strategy which uses the existing social networks in an organization to promote a particular product.
Like virus spreads from one person to the another, this type of marketing strategy follows same tangent in which the consumers spread the information about the product with the other people who are in their social networks. The mode of delivery can be via mouth or by internet and social media platforms.
Hence, the given example is kind of viral marketing.
Answer:
china
Explanation:
if your traveling to china on business do not discuss business during meals .
