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What refers to a country's ability to produce more of a given product than another country can?
Wiki User
∙ 10y ago
absolute advantage
Wiki User
∙ 10y ago
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Comparative advantage is the ability of a country to?
Produce a good at a lower opportunity cost than another country.╓■Taxen■╖
What is a coutry's ability to produce a good at a lower opportunity cost than another country can?
Comparative advantage :)
What is the primary determinant of a country's standard of living?
a country's ability to produce goods and services
When one country can produce a product more cheaply than another country. what can this be called?
When one country can produce a product more cheaply than another country this is called comparative advantage. When one country can produce more goods than another using an equal amount of resources, this is called absolute advantage.
When one country can produce a product more cheaply than another country can this is called?
comparative advantage
Comparative advantage is the ability of a country to?
Produce a good at a lower opportunity cost than another country.╓■Taxen■╖
What is a coutry's ability to produce a good at a lower opportunity cost than another country can?
Comparative advantage :)
What is the primary determinant of a country's standard of living?
a country's ability to produce goods and services
Is the ability to produce another living thing of its kind?
reproduction
When one country can produce a product more cheaply than another country. what can this be called?
When one country can produce a product more cheaply than another country this is called comparative advantage. When one country can produce more goods than another using an equal amount of resources, this is called absolute advantage.
What describes Russia's collective farms under comunism?
They were inefficient and did not produce enough for the countrys needs.
What is a stem line?
a stem cell line is a group of stem cells that has the ability to produce one specific type of cell. for example, one stem cell line could have the ability to produce a kidney, while another line could produce a liver.
When one country can produce a product more cheaply than another country can this is called?
comparative advantage
When one country can produce a product more cheaply than another country can this is called a?
comparative advantage
What do you mean by exports?
you send produce made in this country to another one you export it.
What is another name for the Mesopotamia region relating to its ability to produce abundant crops?
name of area known is irrigation
What can the opportunities of acquiring another company in the same industry offer?
The opportunities gained by acquiring another company in the same industry are the ability to produce more goods, a new location or market for goods, and more jobs will be created within an industry. This is especially true if the other company is actually in another country.
