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What is the comparative and superlative from of many?
Comparative is more and superlative is most.
What is the comparative and superlative of punctual?
The comparative is more punctual; the superlative is most punctual.
Comparative and superlative degree of modest?
more modest, most modest
What is the comparative and superlative degree of important?
Comparative = more important Superlative = most important
What is the comparative and superlative degree of promptly?
comparative-more promptly, superlative-most promptly
What are the comparative and superlative effective?
more effective, most effective
What is the comparative for efficient?
More efficient and most efficient are the comparative and superlative forms of "efficient".
Will a nation tend to export or import goods which it has a comparative advantage?
A nation will export goods for which it has a comparative advantage. By exporting goods, it has the comparative advantage because it means they have a lower opportunity cost for producing the good. A country can produce it well and can produce most likely a lot of it.
Is absolute advantage or comparative advantage more important?
Comparative advantage. Because a lower opportunity cost(comparative advantage) means a producer use the resource more efficint to produce what people want the most whereas absolute advantage only consider the number of goods or services being produced. Though a producer have a absolute advantage, but he or she may use the resource inefficiently, which will cause a disadvantge in the confront with scarcity. If we assign jobs according to comparative advantage, all individuals may benefit if the assignments are well specialized or the products are well exchanged. The resoure is limited, so only specialize each individual accroding to comparative advantage could lead to more total production.
What is an example that illustrates the difference between comparative advantage and absolute advantage in international trade?
An example that illustrates the difference between comparative advantage and absolute advantage in international trade is the scenario where Country A can produce both cars and computers more efficiently than Country B. However, Country A has a comparative advantage in producing cars, while Country B has a comparative advantage in producing computers. This means that even though Country A has an absolute advantage in both products, it is more beneficial for both countries to specialize in the product they can produce most efficiently and trade with each other.
What is the ability to produce a product the most efficiently given all the other products that could be Produced?
Comparative Advantage
Why do transportation needs?
I should say that the most important reason is division of labor. We just cant do everything to achieve a certain goal alone. Those who has a comparative advantage in such line will do better and be more effective than us, and help us to cut the cost.
Your reading an essay on the relationship between education and income the most effective graphic visual in such an essay is likely to be a?
Comparative graph
What role does comparative advantage play in facilitating trade in a global economy?
Comparative advantage is the ability of a country to produce goods or services at a lower opportunity cost than another country. This allows countries to specialize in producing what they are most efficient at, and then trade with other countries for goods and services they are less efficient at producing. This specialization and trade based on comparative advantage leads to increased efficiency, higher productivity, and overall economic growth in a global economy.
You're reading an essay on the relationship between education and income The most effective graphic visual in such an essay is likely to be a?
comparative graph
Why do you need transportation?
I should say that the most important reason is division of labor. We just cant do everything to achieve a certain goal alone. Those who has a comparative advantage in such line will do better and be more effective than us, and help us to cut the cost.
How do absolute advantage and comparative advantage have in common?
Firstly absolute advantage is where a firm or producer can produce the good using less/fewer resources than another competitor, therefore the producer has the absolute advantage and is more economically efficent. Whereas Comparative advantage is where a firm can produce a good at a lower opportunity cost than another producer. So these to economic situations are very similar and are both about which producer is most economically efficent to produce certain goods, though they have one main thing in common. Knowing who has the absolute or the comparative advantage means the producers can use specialisation to esure the least resources are produced and the best firms who can produce the good the best are producing them.
