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Question and answer
Q: a person or nation’s ability to produce a good at a lower cost than another person or nation
A: absolute advantage
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Asked 1/2/2013 6:14:34 AM
Updated 3/21/2013 10:44:07 AM
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absolute advantage
Added 3/21/2013 10:44:07 AM
Rated good by smart20
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Questions asked by the same visitor
A tariff raises the price of the foreign good beyond the market equilibrium price, which decreases the demand for and, eventually, the supply of the foreign good. All of the following are types of tariffs EXCEPT: a. quotas c. peril point tariff b. scientific tariff d. retaliatory tarif
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Updated 5/27/2013 1:19:41 PM
2 Answers/Comments
b.
scientific tariff
Added 5/27/2013 1:10:31 PM
This answer has been flagged as incorrect.
Flagged by Jay901
MsPurplePenguin, please answer in a sentence that restates the question and provide a source which verifies your answer whenever possible. You can read the Weegy basic rules here:
Added 5/27/2013 1:19:43 PM
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