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Why a nation with an absolute advantage would trade with another country?
MakayaSephoratw1108
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Under what conditions does a nation have an absolute advantage in the production of a product?
When a nation can use fewer resources to produce the same amount of a product, it has an absolute advantage in the production of that product.
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.
The ability to produce a specific product more efficiently than any other nation?
absolute advantage
What is the advantage of import and export?
I another country does not produce the products that my country produces, I can send my products to that country in exchange for products that they produce that I do not have. .... Simples 2.It ensures a nation earn foreign exchange therefore improving the living standards of that country
What if one nation becomes more efficient than another nation at producing a specific product?
a comparative advantage
Under what conditions does a nation have an absolute advantage in the production of a product?
When a nation can use fewer resources to produce the same amount of a product, it has an absolute advantage in the production of that product.
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 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.
The ability to produce a specific product more efficiently than any other nation?
absolute advantage
Another word for country?
NATION
What is a nation donminated by another country?
satellite nation
Another name for country?
A nation.
What is a another word for country?
Nation
What is the advantage of import and export?
I another country does not produce the products that my country produces, I can send my products to that country in exchange for products that they produce that I do not have. .... Simples 2.It ensures a nation earn foreign exchange therefore improving the living standards of that country
What is the term used to describe the ability to produce a specific product more efficiently than any other nation?
Absolute Advantage
What did nation mean in the pledge of allegiance?
Another word for nation is "country".
What if one nation becomes more efficient than another nation at producing a specific product?
a comparative advantage
