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24. A nation has a ___________ in the production of a good or service if it can produce that good or service more effectively or efficiently than it can produce other goods. A. supreme advantage B. primary efficiency C. qualified advantage D. comparative advantage
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A nation has a comparative advantage in the production of a good or service if it can produce that good or service more effectively or efficiently than it can produce other goods.
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Asked 10/27/2013 5:47:30 PM
Updated 10/23/2018 9:05:50 AM
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A nation has a comparative advantage in the production of a good or service if it can produce that good or service more effectively or efficiently than it can produce other goods.
Added 10/23/2018 9:05:50 AM
This answer has been confirmed as correct and helpful.
Confirmed by jerry06 [10/23/2018 10:03:28 PM]
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Questions asked by the same visitor
2. __________ is the amount a business earns after deducting what it spends for salaries and other expenses. A. Profit B. Revenue C. Interest D. Dividends
Question
Updated 2/28/2015 11:23:24 AM
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Profit is the amount a business earns after deducting what it spends for salaries and other expenses.

Added 2/28/2015 11:23:24 AM
This answer has been confirmed as correct and helpful.
3. A business incurs a ___________ if its costs and expenses exceed its revenues. A. loss B. liability C. debit D. dividend
Question
Updated 2/13/2015 2:22:13 PM
1 Answer/Comment
A business incurs a LOSS if its costs and expenses exceed its revenues.

Added 2/13/2015 2:22:13 PM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [2/13/2015 2:25:36 PM]
5. The total amount of money that businesses take in by selling goods and services is called ________. A. profit B. revenue C. loss D. retained earnings
Weegy: The total amount of money that businesses take in by selling goods and services is called revenue. (More)
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Expert Answered
Updated 2/13/2015 6:40:03 PM
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9. ___________ is a measure of the general well-being and satisfaction derived from a variety of factors including political freedom, safety, education, and a clean environment. A. Standard of living B. Quality of life C. Gross national income D. Social satisfaction index
Weegy: QUALITY OF LIFE - - is a measure of the general well-being and satisfaction derived from a variety of factors including political freedom, safety, education, and a clean environment. [ ] (More)
Question
Expert Answered
Updated 2/13/2015 6:40:31 PM
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The total amount of money that businesses take in by selling goods and services is called ________. A. profit B. revenue C. loss D. retained earnings
Weegy: The total amount of money that businesses take in by selling goods and services is called: REVENUE. (More)
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Updated 2/13/2015 6:40:48 PM
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