YSGabino7358 YSGabino7358
  • 17-06-2018
  • Business
contestada

When one nation can produce a product at lower cost relative to another nation, it is said to have?

Respuesta :

LearnGrow
LearnGrow LearnGrow
  • 26-06-2018
When one nation can produce a product at lower cost relative to another nation, it is said to absolute advantage.
One example is the following: Colombia produces coffee with less labor and land than any other country which means that Columbia has an absolute advantage in coffee production.
Answer Link

Otras preguntas

How can you express 1/1000 as a decimal
Hat every 2nd visitors backpack every 10th visitor tshirt every 7th visitor how often will a bag contain a 3 items
25. Winds are caused by differences in what?​
which linear function has the same y -intercept as the one that is represented by the graph ?
Read the following excerpts in which Granny Weatherall, from Katherine Anne Porter's "The Jilting of Granny Weatherall," and J. Alfred Prufrock, from T. S Eliot
What is the answer to this question?
(-m^2+6)+(-4m^2+7m+2)​
Yo soy nicaraguense. Soy de
What type of circuit has the ability to have individual parts that can be turned off without affecting the entire circuit A- open circuit B-series circuit C-
But in the western or black chamber the effect of the fire-light that streamed upon the dark hangings through the blood-tinted panes, was ghastly in the extreme