Absolute advantage and comparative advantage, economics, Microeconomics

Assignment Help:

Absolute advantage is the simplest yardstick of economic performance and it may be simply describe as If one person or a firm or a country may produce more of something with the same amount of effort & resources, and they have an absolute advantage over there with other producers. The best at something does not mean which doing that thing is the best way to use your scarce economic resources. Both absolute & comparative advantage may vary significantly over time.

Related Discussions:- Absolute advantage and comparative advantage, economics

#..q20, regression line drawn as Y=c+1075x, when x was 2 and y was 239, giv...

regression line drawn as Y=c+1075x, when x was 2 and y was 239, given that y intercept was 11. calculate the residual

Combined ppc, How do I draw and interpret a combined ppc curve?

How do I draw and interpret a combined ppc curve?

Time serie, uses of time series in indian economy

uses of time series in indian economy

Demand for chips elastic, The demand schedule for computer chips is given i...

The demand schedule for computer chips is given in the table. Price (dollars per chip) Quantity demanded(millions of chips per year) 200

F block elements., oxidation state of f block elements

oxidation state of f block elements

Linkage of education with poverty and income distribution, Normal 0 ...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Arbitration, Arbitration The use of a third party to describe between ...

Arbitration The use of a third party to describe between two sides dead locked in a negotiation. The arbitrator's decision can be binding or not binding, as before agreed upon

Microeconomics, explain the difference between traditional theory and moder...

explain the difference between traditional theory and modern theory of cost

Indifference curve, What is indifference curve and its properties?

What is indifference curve and its properties?

Case study of growth of regional financial institutions, Case Study - EUROP...

Case Study - EUROPE Let us now see how events unfolded over the decades in Europe that led to monetary unification in terms of a single currency and single central bank. At

Write Your Message!

Name

Email id

Message

Verfication Code

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages