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Author Question: Susan is the human resources director at ABC Cosmetics. In her job, she is responsible for ... (Read 102 times)

Cooldude101

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on: Jul 14, 2018
Susan is the human resources director at ABC Cosmetics. In her job, she is responsible for recruiting, hiring, and training employees. She is a factor of production for the company.
 
 Indicate whether the statement is true or false

Question 2

What is the difference between an absolute advantage and a comparative advantage?


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mbcrismon

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Reply #1 on: Jul 14, 2018
Answer to Question 1

True

Answer to Question 2

An absolute advantage is the ability to produce a specific product more efficiently than any other nation. A comparative advantage is the ability to produce a specific product more efficiently than any other product. Every country has a comparative advantage in some product.


Cooldude101

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Reply 2 on: Jul 14, 2018
Great answer, keep it coming :)

matt95

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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