Figurative is something that shouldn't be taking literally. For example, when you say "I have a ton of homework" you don't really mean you have 2000 pounds of homework.
Answer:
I think the answer would be B if not then it’s A I’m sorry if I am wrong.just starting to study the same thing..
Explanation:
Answer:
A) determines prices and wages
Explanation:
The north believed they would win because of their railroads and numbers, along with the fact that they were better established as a government. The south believed they would
win because they had the home field advantage, and were fighting for their way of life, along with the fact that they had better generals. The battle of bull run also over inflated the confidence of the south.
Answer:
<h3>Comparative advantage is the ability of producing at a lower cost.</h3>
Explanation:
- The article states that comparative advantage is the ability of producing goods and services at a lower cost than any other producers. The producer does not necessarily have to the best producer of a particular good or service but as long it meets the demand, it has an advantage.
- The costs that is incurred while producing a good or service is the opportunity cost. Comparative advantage is related to opportunity costs as it helps the producer to find comparative advantage.
- For instance, when you can find someone who is unskilled yet has comparative advantage over producing a good or service, then it helps you to produce at a lower costs. You don't need to hire a professional as long as someone can perform the task in a comparative manner.
- This principle can be seen on why Americans have exported customer service operations to India. Though English-language skills of the workers are seemingly low, they can still perform their tasks and thus, meet the demands of the market. This is because the workers from India have comparative advantage and the cost incurred on them are lower than American workers.
