ADVANCED PLACEMENT AP MIDDLE SCHOOL

Economics: Which relationship BEST illustrates a comparison of absolute advantage and comparative advantage?
es )
A country with an absolute advantage will always have a comparative
advantage in producing products.
A country with a comparative advantage can produce a greater output of a
products than a country with an absolute advantage.
A country with an absolute advantage can produce a product at a lower
opportunity cost than a country with a comparative advantage in producing
all products
A country with a comparative advantage can produce a product at a lower
opportunity cost, even if another country has an absolute advantage in the
production of all goods.

Answers

Answer 1
Answer:

Answer:

a country with a comparative advantage can produce a product at a lower opportunity cost, even if another country has an absolute advantage in the production of all goods.

Explanation:

for example, let's say that a country could only produce there are three types of products. Product X, product Y, and product Z.

When a country have a comparative advantage to produce product X, it means that the country's resources is suitable to produce product X more efficiently compared to Y and Z. This make the cost of creating product X becomes the cheapest and will give that country the highest profit Margin.

When our country has a competitive advantage to produce product X. It means that if compared to another country who produce product X, our country able to produce product X more efficiently.

Related Questions

Which printing method transfers the ink from a metal plate to a rubber blanket?A.digital printerB.offset printerC.flexo printerD.gravure printerResetNext
In the giver why is it important to live in a community of love.
During What Period Of Music Does The Rondo Form Become Popular?1. renaissance2. Baroque3. Impressionist
States might choose to cooperate at the regional or global level for all of the following reasons EXCEPT (2 points)A.) to gain regional political influenceB.) to engage in dispute resolutionC.) to assure basic human rightsD.) to encourage economic interactionE.) to increase national sovereignty
Hyperpolarization means that the ________.

What does it mean to be a hero?
Who is your hero why?

Answers

A hero is someone who inspires you. Someone you can look up to. Someone who always tries to do the right thing all the time. Like a police officer or a fireman. Heck, even a teacher. Personally my hero is Dead Pool because he's funny. But if I'm being serious my real hero is the ones who risk their lives to recue the little kittens and puppies everyday and give them a loving furever home. :D
hero is someone who u admire who does something good to or help out the world or does something good to you that u appreciate.
my hero is my English teacher, she always support me unconditionally and if I'm down, she'll try to brighten me up and she's just so nice and kind

Pigment does what to paint?

Answers

Changes its color.  .       .       .         .                           .

How does the size of the sun compare to the sizes of other stars

Answers

It is significantly smaller, there are some stars that are over 100 times the size of our stars

exaggerated clams about a product appeared in advertising and on the product packages what are some examples of false promises made in marketing

Answers

Most false advertising rests in the effectiveness of a product. By exaggerating how well a product works, the brands can sell much more product.

Hydroelectric plants generate power by utilizing the flow of water to turn a turbine. This, in turn, generates power that is then distributed for use in homes and businesses. What type of energy transformation is occurring at the hydroelectric plant?A.Electric energy is transformed into light energy
B.Kinetic energy is transformed into electric energy
C.Light energy is transformed into potential energy
D.Chemical energy is transformed into kinetic energy

Answers

kinetic energy is transformed into electric energy.

Answer:

B. kinetic energy is tranformed into electric energy

Btw this is music! a repeat sign saves time and? 1. Money 2. Talent 3. Space ?

Answers

Answer:

3.

ez

Explanation:
A repeat sign saves time and space.
Other Questions
if a roller coaster car in the above problem were moving with twice the speed, then what would be its new kinetic energy?
What is the genotype at the Q gene?
Nobody really cared whether congress would be able to compromise
List two disadvantages of living off campus while attending college