Business

Skylar Ellis

2 August, 09:40

A person has a comparative advantage in activity X when that person's: O opportunity cost of performing that activity is very high. O opportunity cost is lower for him than for other trading partners. O ability to perform that activity exceeds that of all other people. O government negotiates a favorable trade agreement.

+4

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question ✅ “A person has a comparative advantage in activity X when that person's: O opportunity cost of performing that activity is very high. O ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.

Search for Other Answers

You Might be Interested in

Compute conversion costs given the following dа ta: direct materials, $361,300; direct labor, $195,300; factory overhead, $216,700 and selling expenses, $42,200. a.$412,000 b.$773,300 c.$578,000 d.$174,500

Text Box reading The outstanding faults of the economic society in which we live are its failure to provide for full employment Read the quotation above, an excerpt from a speech by a U. S. public official.

What is the difference between the transactions display current and display at key date?

Toby's current marginal utility from consuming peanuts is 100 utils per ounce and his marginal utility from consuming cashews is 200 utils per ounce.

A municipal dealer quotes a 4 year, 4% term revenue bond at 98. the yield to maturity is:

New Questions in Business

Barnett Corporation uses the weighted-average method in its process costing system. The company adds materials at the beginning of the process in Department M.

All materials are issued at the beginning of the process and conversion costs are incurred uniformly throughout the process. The ending work in process units are 40% complete as to conversion costs.

Find the area of a rectangle with the length measuring 8 km and the width measuring 5 km. A. 26 m2 B. 40 m2 C. 40 km2 D. 26 km2

Explain how to determine gross profit on an income statement by selecting the correct statement below. Cost of goods sold is added to net sales. Cost of goods sold is added to sales discounts. Sales is subtracted from cost of goods sold.

Differences between open opportunity legal equality and free contract