Notice: Payments for answers will end 4/10/2017. Click for more info.
You have new items in your feed. Click to view.
Question and answer
Q: What is absolute advantage?
A: Absolute advantage is the capability to produce more of a given product using less of a given resource than a competing entity.
Question
Asked 3/27/2012 5:36:52 PM
Updated 11/22/2016 11:16:46 AM
1 Answer/Comment
Edited by yumdrea [11/22/2016 11:16:45 AM]
Get an answer
New answers
Rating
3

Absolute advantage is the capability to produce more of a given product using less of a given resource than a competing entity.

Added 11/22/2016 11:16:46 AM
This answer has been confirmed as correct and helpful.
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
All of the following helped compose the Federalist Papers EXCEPT: A. James Madison B. Alexander Hamilton C. Patrick Henry D. John Jay
Question
Expert Answered
Updated 7/17/2015 5:08:53 PM
1 Answer/Comment
All of the following helped compose the Federalist Papers EXCEPT: PATRICK HENRY.
Added 7/17/2015 4:57:29 PM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [7/17/2015 9:43:24 PM]
___________ : a decline in the value of a currency. A. Rise B. Importation C. Depreciation D. Appreciation
Question
Expert Answered
Updated 12/21/2015 11:41:37 PM
1 Answer/Comment
Depreciation is a decline in the value of a currency.
Added 12/21/2015 11:41:37 PM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [12/21/2015 11:43:03 PM]
absolute advantage?
Question
Not Answered
Updated 3/6/2014 4:09:00 PM
1 Answer/Comment
In economics, the principle of absolute advantage refers to the ability of a party (an individual, or firm, or country) to produce more of a good or service than competitors, using the same amount of resources.
Added 3/6/2014 4:09:00 PM
This answer has been confirmed as correct and helpful.
Confirmed by andrewpallarca [3/6/2014 4:15:51 PM], Rated good by andrewpallarca
26,991,682 questions answered
*
Get answers from Weegy and a team of really smart lives experts.
S
L
Points 226 [Total 244] Ratings 0 Comments 156 Invitations 7 Offline
S
L
Points 130 [Total 130] Ratings 0 Comments 130 Invitations 0 Offline
S
L
R
Points 105 [Total 256] Ratings 1 Comments 5 Invitations 9 Offline
S
R
L
R
P
R
P
R
Points 66 [Total 734] Ratings 0 Comments 6 Invitations 6 Offline
S
1
L
L
P
R
P
L
P
P
R
P
R
P
R
P
P
Points 59 [Total 13326] Ratings 0 Comments 59 Invitations 0 Offline
S
L
1
R
Points 31 [Total 1447] Ratings 2 Comments 11 Invitations 0 Offline
S
Points 20 [Total 20] Ratings 1 Comments 0 Invitations 1 Offline
S
L
Points 10 [Total 187] Ratings 0 Comments 0 Invitations 1 Offline
S
Points 10 [Total 13] Ratings 0 Comments 10 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 0 Comments 0 Invitations 1 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.