Which of the following is an accurate definition of absolute advantage as it relates to international trade? A. Having absolute advantage means that one nation can produce a good or service more efficiently than anyone else. B. Absolute advantage in terms of international trade refers to the nation with the highest overall balance of payments statement. C. Absolute advantage is when a nation can produce a good or service at a lower opportunity cost than any other nation. D. Having absolute advantage means that one nation can finance all other nations' deficits without falling into debt.
Answers (2)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following is an accurate definition of absolute advantage as it relates to international trade? A. Having absolute advantage ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which theory argues that the american dream causes crime by placing such emphasis on money and economic achievement that it weakens the american familys ability to informally control delinquent behavior?
Answers (1)
How did seashells get into sedementary rock
Answers (1)
What happened to the Native American population from 1805 to 1900?
Answers (2)
41. Following the Long Era, what became known as "The Louisiana Way"? a. corruption b. hospitality c. partying d. gumbo
Answers (1)
Dr. tepper-harmon believes that life-span development cannot be studied without considering biological, socioemotional, and cognitive dimensions. dr. tepper-harmon believes that development is:
Answers (1)
New Questions in Social Studies
As a public speaker, you face ethical issues when selecting the topic for your speech.
Answers (1)
What did future American president John Adams do after the Boston Massacre?
Answers (1)
Which of the following statements is true in the context of social media? social networking is part of regular life for many people of all ages. social media seldom influence the buying behavior of consumers.
Answers (1)
If a Satir-oriented therapist said, "I believe this child's exaggerated acting out and drug use may serve to reduce tension in his parent's marriage by getting his parents to focus on him." What would the therapist be doing? a.
Answers (1)
Over the past 100 years or so, people in industrialized societies have been maturing earlier, as well as growing heavier and taller than in the past. this phenomenon is referred to as the secular trend.
Answers (1)