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Oh, dude, absolute advantage is like when one country can produce a good with fewer resources than Another Country, and comparative advantage is when one country can produce a good at a lower opportunity cost than another. In our simulation, we used these concepts to determine which countries should specialize in producing certain goods to maximize efficiency and trade benefits. It's all about getting the most bang for your buck, you know?
What else can I help you with?
Explain Theory of absolute cost advantage by propounded by Adam smith?
explain theory of absolute cost advantage as propounded by Adam smith
To what extent does the theory of comparative advantage explain the rise of the Indian software industry?
h
Briefly explain Advantages and disadvantages a flexible exchange-rate system?
define exchange and whts its advantages and disadvantages
Define opportunity cost and explain its relationship to comparative advantage?
Opportunity costs is the highest valued alternative that must be given up to engage in an activity. Comparative advantage is the ability of an individual, a firm, or an country to produce a good or service at a lower opportunity cost than competitors.
List and explain the advantages and disadvantages of buying on credit?
I am not really into that stuff but if you go to other websites you will probably find it
How do you explain how comparative embryology and anatomy?
What do you mean by explain? Advise what it is that you need explaining on.
Absolute error and occurrence?
brifly explain about the absolute error?
What does comparative method means?
to identify similarities and differences and to explain them
Explain Theory of absolute cost advantage by propounded by Adam smith?
explain theory of absolute cost advantage as propounded by Adam smith
Absolute decentralization is as hypothetical as absolute centralization Discuss Also explain the factors which affect the degree of decentralization Which is best Why?
Absolute decentralization is as hypothetical as absolute centralization. Discuss. Also explain the factors which affect the degree of decentralization. Which is best? Why?
With the help of picture explain daily advantages and disadvantages of microorganism?
With the help of picture explain advantages and disadvantages of microorganism?
What is an array and explain its advantages and disadvantages?
what is array? explain with its advantage.
How can descriptive and comparative methods explain research collections?
descriptive-comparative methods of research is a way where we can normally predict the significance and difference of the two variables.
Explain the advantages and disadvantages of sigma mechanical comparator?
advantages of sigma comparators
To what extent does the theory of comparative advantage explain the rise of the Indian software industry?
h
Explain how to find the absolute value of an integer?
The absolute value of an integer is found by ignoring its sign (plus or minus).
What are the advantages and disadvantages of non written communication?
what are the advantages of written communication ?Explain in deatil
