A producer with an absolute advantage has the ability to produce a good or service at
a lower opportunity cost than any competitor can.
a faster rate than any competitor can.
a greater volume than any competitor can.
a lower cost than any competitor can.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A producer with an absolute advantage has the ability to produce a good or service at a lower opportunity cost than any competitor can. a ...” in 📘 Social Studies 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
Why is there racial discrimination around the world to this day
Answers (1)
Who were the jacobins and who was their leader?
Answers (1)
Which of the following statements about peer pressure is NOT accurate? a. Peer pressure is influence from people within the same age group. b. Peer pressure can only be negative. c. Peer pressure can be active. d. Peer pressure can be passive.
Answers (2)
Suppose that over the last twenty-five years a country's nominal GDP grew to three times its former size. In the meantime, population grew by 40 percent and prices rose by 100 per-cent. What happened to real GDP per person? a. It more than doubled.
Answers (1)
Limiting contact with foreigners was the main goal of chinese. True or False
Answers (1)
New Questions in Social Studies
Why is self-awareness and humility so important in integrative counseling?
Answers (1)
The four powerful pillars of democracy are:
Answers (1)
What is the counterpart theodicy? what is one problem with the view?
Answers (1)
A society in which race and racism are no longer issues would be considered ___. A. post-racial B. Institutionally racial C. Biased D. Mainstream
Answers (2)
How did railroads most impact farming in the west during the late 1800s
Answers (1)