When one nation is less efficient than another nation in the production of each of two goods, the less efficient nation has a ____________ in the production of that good for which its absolute disadvantage is less.

What will be an ideal response?


comparative advantage

Business

You might also like to view...

Which of the following is a customer adoption force?

A) felt need B) affordability C) easy of use D) preferred availability E) desired performance

Business

Answer the following statement(s) true (T) or false (F)

6. Comments on social media can be measured by categorizing the types of comments. 7. The S.A.V.E. framework replaces product with access. 8. One of the advantages of blogging is that other bloggers will share your content through their own social networks. 9. Social media is best used to inspire, entertain, and build trust. It is less effective for direct sales. 10. Generally speaking, having people collaborate on your ideas, asking them to give feedback and criticism, is a powerful way of getting buy-in.

Business

What is encryption?

A. Occurs when an organization uses software that filters content to prevent the transmission of unauthorized information. B. Scrambles information into an alternative form that requires a key or password to decrypt the information. C. Hardware and/or software that guards a private network by analyzing the information leaving and entering the network. D. A form of unsolicited e-mail.

Business

Case-Based Critical Thinking QuestionsCase 6-3Kyle is ready to sign up for a digital music service. He has a list of options that a service must have in order to win his business.Most subscription services use DRM and a(n) ____ player that must be used to listen to songs. Kyle is fine with this.

A. proprietary B. public C. open source D. portal

Business