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
20,179,648 questions answered
Popular Conversations
After the Spanish-American War, the _______ reserved the right of the ...
Weegy: After the Spanish-American War, the Platt Amendment reserved the right of the United States to intervene in ...
3/29/2015 10:56:48 PM| 3 Answers
MyPlate was created to __________.
3/30/2015 1:01:53 PM| 3 Answers
Discretionary spending is spending which requires governmental ...
Weegy: Discretionary spending is spending which requires governmental approval on an annual basis. TRUE. User: ...
3/29/2015 9:27:10 AM| 2 Answers
What is the equation of the line that has a slope of –2 and a ...
Weegy: The answer is B) architecture and music. User: Some nouns that end in -um are made plural by changing the –um ...
3/29/2015 10:39:54 AM| 2 Answers
Weegy Stuff
S
L
P
L
P
P
P
Points 1270 [Total 9156]| Ratings 0| Comments 1270| Invitations 0|Offline
S
1
L
Points 622 [Total 1533]| Ratings 6| Comments 562| Invitations 0|Offline
S
P
C
L
P
L
1
P
Points 541 [Total 7848]| Ratings 8| Comments 461| Invitations 0|Offline
S
L
Points 521 [Total 1026]| Ratings 10| Comments 411| Invitations 1|Offline
S
1
L
L
Points 486 [Total 7987]| Ratings 0| Comments 486| Invitations 0|Offline
S
L
Points 382 [Total 1504]| Ratings 2| Comments 362| Invitations 0|Offline
S
Points 199 [Total 567]| Ratings 3| Comments 169| Invitations 0|Offline
S
Points 166 [Total 166]| Ratings 1| Comments 156| Invitations 0|Offline
S
Points 42 [Total 158]| Ratings 4| Comments 2| Invitations 0|Offline
S
Points 35 [Total 126]| Ratings 0| Comments 35| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.