Comparative advantage is the ability to perform an activity at a lower opportunity cost. determine who your best trading partners are. determine the best use of capital goods. convince others of the best choices to make in their own self-interest.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Comparative advantage is the ability to perform an activity at a lower opportunity cost. determine who your best trading partners are. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A good reason to open a checking account is that A) it is not insured for loss B) checks are a convenient way to pay bills C) your money grows faster in a checking account than in an investment account D) it is cheaper to pay with checks than it is
Answers (1)
Digitoll is a digital content company with offices in four cities across the world. Recently, Digitoll began using Sammer, an enterprise service, that allows employees to connect with each other.
Answers (1)
Material evidence for trade between settlers along the baltic and southern europeans, during the ice age thawing period, c. 16,500 - 12,500 years ago, includes:
Answers (1)
On January 4, 2013, Watts Co. purchased 40,000 shares (40%) of the common stock of Adams Corp., paying $800,000. There was no goodwill or other cost allocation associated with the investment. Watts has significant influence over Adams.
Answers (1)
The next dividend payment by halestorm, inc., will be $2.16 per share. the dividends are anticipated to maintain a growth rate of 5 percent forever. if the stock currently sells for $44 per share, what is the required return?
Answers (1)
New Questions in Business
Why is it important to know the interest rate on your credit card? a) The higher the interest rate, the more money you will be paying back b) The higher the interest rate, the less money you will be paying back c) The lower the interest rate, the
Answers (2)
It is appropriate to use the fixed assets turnover ratio to appraise firms' effectiveness in managing their fixed assets if and only all the firms being compared have the same proportion of fixed assets to total assets. a) trueb) false
Answers (1)
Which of the following actions differentiates an entrepreneur from other small business owners?
Answers (1)
Mccoo Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The variable overhead rate is $1.50 per direct labor-hour.
Answers (1)
Which of the following is true of Finished Goods Inventory? A. Finished Goods Inventory is an account used by a manufacturer and includes completed goods that have not yet been sold. B.
Answers (1)