Question and answer
a person or nation’s ability to produce a good at a lower cost than another person or nation
absolute advantage
Question
Asked 1/2/2013 6:14:34 AM
Updated 3/21/2013 10:44:07 AM
1 Answer/Comment
Get an answer
New answers
Rating
1
absolute advantage
Added 3/21/2013 10:44:07 AM
Rated good by smart20
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
What did Soviet planners think they had to do to ensure economic growth?
Weegy: What did Soviet planners think they had to do to ensure economic growth User: Describe the complexities of a centrally planned economy. Weegy: Critics of planned economies argue that planners cannot detect consumer preferences, shortages, and surpluses with sufficient accuracy and therefore cannot efficiently co-ordinate production (in a market economy, [ a free price system is intended to serve this purpose). This difficulty was notably written about by economists Ludwig von Mises and Friedrich Hayek, both of whom called it the "economic calculation problem". These opponents of central planning argue that the only way to determine what society actually wants is by allowing private enterprise to use their resources in competing to meet the needs of consumers, rather those taking resources away and allowing government to direct investment without responding to market signals. According to Tibor R. Machan, "Without a market in which allocations can be made in obedience to the law of supply and demand, it is difficult or impossible to funnel resources with respect to actual human preferences and goals." ] (More)
Question
Expert Answered
Asked 1/1/2013 1:38:49 PM
0 Answers/Comments
In 1928 the Soviet Union underwent a forced transformation from an agricultural to an industrial economy under a. the Gosplan. c. perestroika. b. the Five-Year Plan. d. the Soviet Plan.
Weegy: In 1928 the Soviet Union underwent a forced transformation from an agricultural to an industrial economy under: THE FIVE-YEAR PLAN. (More)
Question
Expert Answered
Asked 1/1/2013 2:42:46 PM
0 Answers/Comments
Joseph Stalin demonstrated the main advantage of a command system by a. increasing industrial output. c. introducing the New Economic Policy. b. eliminating shortages. d. increasing the standard of living.
Weegy: Joseph Stalin demonstrated the main advantage of a command system by a. increasing industrial output. (More)
Question
Expert Answered
Asked 1/1/2013 6:10:42 PM
0 Answers/Comments
In the cartoon, what do the dark areas on the giant’s clothes represent? a. patches representing China’s potential contributions to trade b. holes representing poverty in China c. stains representing negative aspects of China’s record d. torn spots representing the results of too-rapid economic growth
Weegy: the dark areas on the giant’s clothes represent the d. torn spots representing the results of too-rapid economic growth User: All of the following are issues related to the transition from Communism to Capitalism, EXCEPT a. a system of privatization must be developed. b. communist ruling classes must have their political power solidified. c. the threat of economic instability must be confronted. d. workers must learn to live with a new set of incentives. Weegy: issues related to the transition from Communism to Capitalism, EXCEPT b. communist ruling classes must have their political power solidified. User: In Poland, Hungary, and the Czech Republic, the transition to privatization was facilitated a. by the military. c. with aid from the United States. b. by holding free elections. d. by using vouchers. Weegy: In Poland, Hungary, and the Czech Republic, the transition to privatization was facilitated Hungary is actually its own nation, [ to the south and east of the Czech Republic. ] (More)
Question
Expert Answered
Asked 1/1/2013 6:28:29 PM
0 Answers/Comments
23,909,961 questions answered
Popular Conversations
Which was not characteristic beat movement? beatniks Jack ...
Weegy: Individuality was not a characteristic of beat movement. User: Who labeled the idealistic youth of the ...
2/10/2016 5:37:37 AM| 2 Answers
For which of the following would not expect to pay an excise ...
Weegy: For firearms, a person is not expected to pay an excise tax. The answer is B. User: Which of the following is ...
2/10/2016 7:44:54 AM| 2 Answers
Which value is equivalent to 4.5% written as a decimal?
Weegy: .10
2/10/2016 8:59:01 AM| 2 Answers
also called the “Big Stick Policy”
2/10/2016 9:12:06 AM| 2 Answers
What is the reciprocal of 6/5? A. 1 B. 5/6 C. 1 1/5 D. 12/10
Weegy: What is the reciprocal of 6/5? 1
2/10/2016 9:24:14 AM| 2 Answers
evaluate 3^0
Weegy: 0! + 1! = 2 1 + 1 = 2 User: evaluate (4+3)^0
2/10/2016 10:39:41 AM| 2 Answers
Software refers to the physical parts of a computer. True False
Weegy: What is false? Do you have a question for Weegy?
2/10/2016 12:56:35 PM| 2 Answers
Weegy Stuff
S
Points 311 [Total 708] Ratings 0 Comments 311 Invitations 0 Offline
S
P
P
L
Points 233 [Total 1040] Ratings 0 Comments 233 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
Points 120 [Total 11293] Ratings 0 Comments 120 Invitations 0 Offline
S
L
P
Points 46 [Total 2114] Ratings 0 Comments 46 Invitations 0 Offline
S
Points 22 [Total 306] Ratings 0 Comments 22 Invitations 0 Online
S
Points 10 [Total 21] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 4 [Total 904] Ratings 0 Comments 4 Invitations 0 Offline
S
Points 2 [Total 5] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 1 [Total 2] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)