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.
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Answer: they wanted to protect their own rights and make sure they still get their freedom. ... powers shared by the state and federal government.
Explanation:
Answer: People moved to cities to find a better job.
The "American dream" was influential in the development of large cities. People often migrated to cities looking for better jobs. Cities provided plenty of opportunities for workers, regardless of their origin or class. However, because of the large influx of immigrants, not all of them were able to improve their situation. Many immigrants were poor after moving to the city, which led to the development of segregated, low-income areas with high numbers of immigrants.
organizations create camps to assist people affected by instability.