The capability of one nation to produce more of a good with the same amount of input than another country is a/an
A. comparative advantage.
B. example of perfect competition.
C. absolute advantage.
D. trade surplus.
E. mercantilist advantage.
Answer: C
You might also like to view...
The marketing plan is the central instrument for directing and coordinating the marketing effort
Indicate whether the statement is true or false
The balances in Labeille Accounting Services' office supplies account on February 1 and February 28 were $1,200 and $375, respectively. If the office supplies expense for the month is $1,900, what amount of office supplies was purchased during February?
A. $2,325 B. $1,075 C. $1,525 D. $1,500 E. $3,100
The expected value of each course of action in a decision tree is determined by starting at the beginning of the tree (the left-hand side) and working toward the end of the tree (the right)
Indicate whether the statement is true or false
The concept of the reward relationship being one of exchange between buyers and sellers of labour is known as:
a. the value proposition. b. total reward management. c. the effort bargain. d. equity theory.