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: The law of comparative advantage states that a nation is better off when it produces goods and services for which it has the comparative advantage. How is a comparative advantage obtained? a. by
increasing the amount of goods that are traded b. by producing only products with a high demand value c. by limiting trade to nonrenewable products d. by producing a product with a lower opportunity cost
A: The law of comparative advantage states that a nation is better off when it produces goods and services for which it has the comparative advantage. A comparative advantage is obtained by producing a product with a lower opportunity cost. ]
Get an answer
Original conversation
User: The ability to produce more of a given product using a given amount of resources is called: a. comparative advantage c. resource advantage b. absolute advantage d. technological advantage

User: The law of comparative advantage states that a nation is better off when it produces goods and services for which it has the comparative advantage. How is a comparative advantage obtained? a. by increasing the amount of goods that are traded b. by producing only products with a high demand value c. by limiting trade to nonrenewable products d. by producing a product with a lower opportunity cost

Weegy: The law of comparative advantage states that a nation is better off when it produces goods and services for which it has the comparative advantage. A comparative advantage is obtained by producing a product with a lower opportunity cost. ]
Expert answered|yumdrea|Points 3537|



Question
Asked 1/2/2014 3:06:12 PM
Updated 1/3/2014 3:40:51 AM
1 Answer/Comment
This answer has been confirmed as correct and helpful.
Confirmed by andrewpallarca, Edited by andrewpallarca [7/31/2014 9:21:47 AM]
New answers
Rating
3
The ability to produce more of a given product using a given amount of resources is called: b. absolute advantage.

Added 1/3/2014 3:40:51 AM
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
true or false Economic zones in China are areas where capitalism is encouraged.
Question
Not Answered
Updated 1/8/2014 3:45:14 PM
1 Answer/Comment
TRUE. Economic Zones in China are areas where capitalism is encouraged.
Added 1/8/2014 3:45:14 PM
This answer has been confirmed as correct and helpful.
26,530,328 questions answered
Popular Conversations
Most volcanoes are located at A. hot spots. B. transform ...
Weegy: Most volcanoes are located a the pacific ring of fire.
12/12/2017 8:34:43 AM| 14 Answers
This year, after a lengthy, noisy debate, they decided to take ...
Weegy: This year, after a lengthy, noisy debate, they decided to take separate vacations. This is a Simple Sentence. ...
12/10/2017 4:51:34 AM| 4 Answers
What is the primary mission of the Department of Homeland ...
Weegy: The primary mission of the Department of Homeland Security is " ensuring that the United States and its citizens ...
12/12/2017 7:12:59 AM| 4 Answers
Which layer of Earth is responsible for creating Earth's magnetic ...
Weegy: Earth's "Outer Core" is responsible for creating Earth's magnetic field.
12/12/2017 8:25:18 AM| 4 Answers
Which one of the following types of sentences gives a command or ...
Weegy: Do your work! The sentence above is an example of an IMPERATIVE sentence. User: Which one of the following ...
12/8/2017 6:12:32 AM| 3 Answers
The American College of Sports Medicine (ACSM) recommends doing ...
Weegy: I thing adults should get at least 150 minutes of moderate-intensity exercise per week. [ Exercise ...
12/6/2017 9:19:04 AM| 2 Answers
Weegy Stuff
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 5 [Total 5] Ratings 0 Comments 5 Invitations 0 Offline
S
Points 3 [Total 3] Ratings 0 Comments 3 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
P
L
P
Points 1 [Total 166] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.