0
No country has an absolute advantage; this is a basic principle of Macroeconomics. Therefore this question cannot be answered. Each country may have a competitive advantage in certain goods or services and will have deficits in other goods or services. It is for this reason that the countries with the highest standards of living engage intensively in international commerce.
With this in mind, Mexico does not have an advantage in any way. In fact, it has many problems that it needs to solve.
Wiki User
∙ 10y ago
Wiki User
∙ 10y agoAnswer 1
Because mexicans are soo good at working soo everybody hires them to do carpentry and they get paid alot!
Answer 2
No country has an absolute advantage; this is a basic principle of Macroeconomics. Therefore this question cannot be answered. Each country may have a competitive advantage in certain goods or services and will have deficits in other goods or services. It is for this reason that the countries with the highest standards of living engage intensively in international commerce.
With this in mind, Mexico does not have an advantage in any way. In fact, it has many problems that it needs to solve.
Wiki User
∙ 12y agoAdd your answer:
Earn +20 pts
What is the Assumption of absolute cost advantage?
what are the assumptions of the absolute advantage cost?
What is comparative advantage and absolute advantage?
absolute advantage is when a country,company, indivdual or region can produce a good better and at a cheaper cost than any other competitor.
What has China had an absolute advantage in producing?
They have an absolute advantage in making adult pleasures such as dildos and vibrators. Who knew the Chinese were such a horny nation.
What is the absolute advantage of Pakistan?
asadasd
What is an example of a nation having an absolute advantage in the production of a product?
For example, Brazil has an absolute advantage over the United States in the production of coffee; the nations of the Middle East have an absolute advantage over the United States in the production of crude oil.
Explain Theory of absolute cost advantage by propounded by Adam smith?
explain theory of absolute cost advantage as propounded by Adam smith
Can a person have an absolute advantage in two tasks and a comparative advantage in only one?
no
1 Discuss the growing importance of the global market and the roles of comparative advantage and absolute advantage in global trade?
discuss the growing importance of the global market and the roles of comparative advantage and absolute advantage in global trade?
Contrast between absolute advantage and comparative advantage?
Absolute advantage is when a producer can produce a good using less resources than their competitor(s), whereas comparative advantage is when a producer does not hold the absolute advantage but their ratio in producing a good is smaller. Example: Brian can type 30 words per minute and iron 10 shirts per house. John can type 15 words per minute and iron 8 shirts per hour. Though Brian has the absolute advantage in ironing, John has the comparative advantage.
Difference between absolute advantage and comparative advantage?
There are many similarities and differences between Comparative Advantage and Absolute Advantage. Some simple differences between the two would be, comparative advantage uses the driving force of specialization. Another thing of comparative are, if one country has an absolute advantage or disadvantage in any kind of output, any of the other countries will maybe profit from majoring in and distributing those products. Absolute advantage has a country that economically has a benefit over another, in a precise moral, when it produces that moral at a lower cost. Also a country using the same contribution of properties a country with an absolute advantage will have superior productivity. A few modest similarities between comparative and absolute advantage are, both of these terms are two basic concepts to international trade. Additional details would be the two terms both produce a product more efficiently which gives them an absolute advantage.
What is the absolute exact location of japan?
what is absolute advantage of country's product vs other countries
What country has the absolute advantage in oil?
Saudi Arabia
