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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For this case we must first take the amount $ per month. We have then: 1 $ ---> 4000 x = ----> 320000 Solving for x we have x = (320000/4000) * (1) = $ 80 / month We have then that 1 year two 12 months ($ 80 / month) * (12 months / 1 year) = $ 960 / year Answer the factory worker make 960 U.S. in dollars per year
Answer:
Raising money was difficult for a small, new country.
Texas needed help defending its borders against continued attacks by Mexico.
Explanation:
Some of the reasons that Texas wanted to become part of the US was for financial help and stability because raising money for them at the time was difficult.
Another reason was for security: They needed a stronger force to protect them against the attacks of the Mexicans which came almost incessantly.
The answer too this question is Nquyen van thieu
All of the following developments in Germany during the 1930s (the construction of fortifications along the Rhine River, the annexation of Austria, and the resumption of the military draft to create a large army) were violations of the Treaty of Versailles, except D) the return of the Saarland to German control.
