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The ability to produce a product most efficiently given all the other products that could be produced is called absolute advantage. comparative advantage. human capital. physical capital.
The ability to produce a product most efficiently given all the other products that could be produced is called : comparative advantage.
Expert answered|jeifunk|Points 12226|
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Asked 1/8/2014 2:38:44 PM
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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 ...
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. ] (More)
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Updated 1/3/2014 3:40:51 AM
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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
All of the following are aspects of human capital EXCEPT: a. education b. man made goods c. experience d. skills
Weegy: All of the following are aspects of human capital EXCEPT: b. man made goods. (More)
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Asked 1/2/2014 4:20:50 PM
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Specialization in a nation leads to a. absolute advantage. c. international trade. b. self-sufficiency. d. comparative advantage.
Weegy: D. comparative advantage. 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 Weegy: D. comparative advantage. User: the ability of one person or nation to produce a good at an opportunity cost that is lower than that of another person or nation Weegy: the ability of one person or nation to produce a good at an opportunity cost that is lower than that of another ... [ a good that is sent to another country ... ] User: What is the purpose of a voluntary export restraint? a. To limit the number of exports produced. b. To limit the number of goods exported to a specific nation. c. To increase the number of exports produced. d. To increase the number of goods exported to a specific nation. Weegy: The purpose of a voluntary export restraint is :To limit the number of goods exported to a specific nation. User: true or false Quotas are used to limit the amount of foreign goods that are imported. Weegy: ... true/false, matching 0 ... so dollar buys larger amount of foreign currency/goods ... import quotas. [ are limits on quantitities or total value of specific items ... ] User: A means of preventing a foreign product or service from freely entering a nation’s territory is called a boycott. blockade. trade war. trade barrier. Weegy: A means of preventing a foreign product or service from freely entering a nation’s territory is called a TRADE BARRIER. (More)
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Asked 1/2/2014 4:21:45 PM
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The United States placed a limit on the number of cars that can be brought into the country for sale. This is an example of a. an import quota. c. a customs duty. b. a tariff. d. a voluntary export restraint.
Weegy: The United States placed a limit on the number of cars that can be brought into the country for sale. This is an example of: a. an import quota. (More)
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Asked 1/2/2014 4:38:51 PM
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A limit on the amount of goods entering the country is called a what?
Weegy: A limit on the amount of goods a country receives is a quota (More)
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Asked 1/2/2014 4:43:18 PM
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