When one nation can produce a product with fewer resources relative to another nation, it is said to have a(n) ________ in producing that product.

Question

24-08-2022
Business

contestada

When one nation can produce a product with fewer resources relative to another nation, it is said to have a(n) ________ in producing that product.

Respuesta :

Otras preguntas

Which type of hormones can pass or be dissolved through a cell membrane? 1) Lipid-soluble hormones 2) Water-soluble hormones 3) Protein hormones 4) Steroid horm

______, with respect to communications, is the time it takes a signal to travel from one location to another on a network. a) Latency b) Bandwidth c) Protocol d

please help i don’t understand thid

A new restaurant has written a news release that it would like the local newspaper to use as soon as possible. This goal is more likely to be achieved if the re

Which assessments will the nurse make to monitor a patient's cerebellar function (select allthat apply)?a. Test for graphesthesia.b. Observe arm swing with gait

Fox News claimed that an illegal biological laboratory run by Chinese nationals was operating in California. Isn't this a typical rumor?

Which of the following statements is true about Fault tolerance? It is a direct result of the design of the network itself. It is the name of the feature that

Which of the following would decrease the margin of error on a public opinion poll?A) Using multiple survey methods (phone, face-to-face, etc)B) Increasing the

Would appreciate some help with these 2 questions! Thank you! (please answer only if you know and show all calculations!)

A benign tumor:a)is cancerousb)spreadsc)does not spreadd)is contagious

mboluwape mboluwape · Answer 1 · 2022-08-30T12:55:07+02:00

When one nation can produce a product with fewer resources relative to another nation, it is said to have a(n) comparative advantage in producing that product.

What is comparative advantage?

A country is at advantage when they have the ability to produce a particular products at a lower cost than another country.

The tend to make more gain or profit on the product than the other countries who is not at advantage. They can also produce and sell to other nations while making more profit that will help improved on their economy.

Therefore,

When one nation can produce a product with fewer resources relative to another nation, it is said to have a(n) comparative advantage in producing that product.

Learn more on comparative advantage below

https://brainly.com/question/4302332

#SPJ1