0
How does the relationship between production costs and comparative advantage impact a country's ability to compete in the global market?
The relationship between production costs and comparative advantage affects a country's competitiveness in the global market. When a country can produce goods or services at lower costs compared to other countries, it has a comparative advantage. This allows the country to compete more effectively in the global market by offering lower prices or higher quality products. Conversely, if production costs are high, it can make it difficult for a country to compete internationally. Therefore, managing production costs and leveraging comparative advantage are crucial for a country's success in the global market.
What else can I help you with?
What is a one-commodity country?
countrys that rely on just one or two principal commodities for much of their earnings.
Difference between micro economics macro manpower forecast?
in macroeconomics manpower is related to growth and development of the country because of increased investment level(producers get attracted towards the huge market) and also increase in produce of the countrys outputs if converted to human capital else it would serve as a huge burden on the countrys demographic investment.In microeconomics increase in the members of the family or firm will lead to increase in output and also increase in income.
How could a country develop its economy without a large supply of mineral resources?
A country can develop its economy without a large number of mineral resources by, Exporting Manufactured goods to other countrys.
If the world uses one currency which countrys currency will be the dominant currency or will a completely new currency be invented?
Most certainly the Euro will be the most dominant. Maybe a new currency, but the Euro has the most value.
How can interest rate help indicate the health of a countrys economy?
The risk of a nation is based on the interest rate...high rate bad health of country economy, low interest rate better situation
What type of growth is exemplified when a countrys production possibilities increase because the available workers become more skilled at using a computer?
your fak lol .l.
What countrys are fridges made?
CHina
What countrys participate in the Olympics?
greenland
Are the countries that border Brazil's relationships peaceful?
All the countrys are peaceful relationship with Brazil Uruguay Paraguay Argentina Colombia Venezuela Bolivia Peru Equador Guiana Suriname Guiana Francesa Chile
Older sister tries to marry her younger sister husband's son which is from the man's previous marriage. issit legal for the older sis to marry her younger sis's stepson?
Some countrys have strange laws regarding this sort of relationship However as there is no blood relationship there should be no problem in most places.
What is the countrys official name of Sudan?
The Republic of Sudan.
Nepal is different from Bhutan in that it .?
Nepal and Bhutan are sepretted countrys
What countrys has valerie Adams competed in?
sydney,london,bejing
Which countrys did hitler start planing for after the defet of frans?
rgurtutfhashgthg
Why did Frans Eemil Sillanpaa win The Nobel Prize in Literature in 1939?
The Nobel Prize in Literature 1939 was awarded to Frans Eemil Sillanpaa for his deep understanding of his countrys peasantry and the exquisite art with which he has portrayed their way of life and their relationship with Nature.
What does religious tolerance mean?
it means that they want more countrys to unite .
What are afghanistans closest country?
The Countrys that Are Afghanistan's Closest Neighbors areChinaIranPakistanTajikistanTurkmenistanUzbekistan
