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When doe one country have a comparative advantage over another country?

When the opportunity cost of its production is lower.


Why does country a have a comparative advantage over country b in the production of televisions?

Country A has a lower opportunity cost for producing televisions


When does Country A have a comparative advantage over Country B in the production of televisions?

Country A has a lower opportunity cost for producing televisions.


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.


Difference between comparative cost advantage and absolute cost advantage?

Absolute advantage and comparative advantage are two basic concepts to international trade. Under absolute advantage, one country can produce more output per unit of productive input than another. With comparative advantage, if one country has an absolute (dis)advantage in every type of output, the other might benefit from specializing in and exporting those products, if any exist.A country has an absolute advantage economically over another, in a particular good, when it can produce that good at a lower cost. Using the same input of resources a country with an absolute advantage will have greater output. Assuming this one good is the only item in the market, beneficial trade is impossible. An absolute advantage is one where trade is not mutually beneficial, as opposed to a comparative advantage where trade is mutually beneficial.A country has a comparative advantage in the production of a good if it can produce that good at a lower opportunity cost relative to another country. The theory of comparative advantage explains why it can be beneficial for two parties (countries, regions, individuals and so on) to trade if one has a lower relative cost of producing some good. What matters is not the absolute cost of production but the opportunity cost, which measures how much production of one good, is reduced to produce one more unit of the other good.


When does country comparative Advantage over country be in the production of television?

A country has a comparative advantage in the production of televisions when it can produce them at a lower opportunity cost compared to another country. This often results from factors such as access to cheaper labor, advanced technology, or efficient supply chains. Therefore, even if one country is more efficient in producing both televisions and other goods, it should specialize in the product where its relative advantage is greatest. This specialization allows for increased overall production and trade benefits.


What gives china its comparative advantage over developed countries?

china is a great exporter and importer,


What is the major difference between mercantilism absolute advantage and comparative advantage?

Mercantilism focuses on accumulating wealth through trade surpluses and government intervention, emphasizing the importance of exports over imports to increase a nation's gold and silver reserves. Absolute advantage, proposed by Adam Smith, refers to a country's ability to produce a good more efficiently than another country, while comparative advantage, introduced by David Ricardo, highlights that countries should specialize in producing goods where they have a lower opportunity cost, even if one country has an absolute advantage in all goods. Thus, while mercantilism stresses national wealth and trade balance, absolute and comparative advantages emphasize production efficiency and specialization for mutual benefit in trade.


When does country x have an absolute advantage over country y the production of corn?

Country x has an absolute advantage when it can produce corn at a lower cost than country y.


In which situation does one country have an absolute advantage over another country?

When its production costs are lower.


2 What is the advantage of using comparative statements for financial analysis rather than statements for a single date or period?

The advantage of using comparative statements of financial analysis is that makes it possible for a company to see how account values have changed over a period or periods of time. It also allows companies to trace what has happened to key assets and liabilities over the pwo or three years. It can be called the "trendy analysis"


Productive and comparative advantage in developing countries?

Not really sure what you are asking, but in general developing countries have not achieved economies of scale in most markets and therefore do not have a comparative advantage over other countries producing the same goods. What they sometimes will do is setup a tariff on importing those types of goods from the country with economies of scale so that they can get some more business from within their own country, build up and will in time be able to compete globally. Later they abolish the tariff and hopefully the price of said good goes down for all with another competitor in the marketplace.